EURUSD has been gaining bullish momentum so far this year. We’ve seen how price has been moving on a rising channel from the daily perspective. Price is just 1.6% away from the higher timeframe downtrend resistance trendline . If we get a break above the higher resistance trendline , we’re likely to see more of the bullish growth for the rest of the second quarter of the year. If we see price fall below the local daily rising channel and also below the pullback support, a downward trend continues!
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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.