It's been a tough week for EURUSD trading, Although the support line was broken, but EURUSD didn't show a down impulse, so its fakeout. For me, the direction is now clear. So I'm think that the growth will continue after some correction movement. Open a long trade when the checks the fibonacci 38.2, 50 level or break the resistance level.
Note
I see, DXY looks bearish in the short term, so the XXX/USD pair is likely to riseNote
If you look at the weekly chart, EURUSD has been trading in the descending channel for a long time, now it's trying to break it.Trade active
Resistance is broken, Look carefully.
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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.