EURUSD in a neutral pattern
The EUR/USD pair is showing new positive trades to breach the descending triangle resistance and attempt to hold above it, which requires attention from upcoming trades, as consolidation above this level will lead the price to continue rising and mainly visit the 1.0742 level.
Now, we prefer to stay neutral until the price confirms its next destination by monitoring the 1.0699 level, noting that trading below it again will reactivate the negative scenario whose targets start at 1.0678 and extend to 1.0652 .
Pivot Price: 1.0695
Resistance prices: 1.0742 & 1.0767 & 1.0791
Support prices: 1.0678 & 1.0652& 1.0620
The general expected tendency for today: neutral
Now, we prefer to stay neutral until the price confirms its next destination by monitoring the 1.0699 level, noting that trading below it again will reactivate the negative scenario whose targets start at 1.0678 and extend to 1.0652 .
Pivot Price: 1.0695
Resistance prices: 1.0742 & 1.0767 & 1.0791
Support prices: 1.0678 & 1.0652& 1.0620
The general expected tendency for today: neutral
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.