The EUR/USD forex market on the daily chart has been rallying for 5 days from a failed breakout below a 2-month trading range. Traders expect at least a couple legs up to the Jan. 22 high. Therefore, the bulls will buy the 1st 1- to 3-day pullback.
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.