EU extends uptrend
Updated
Conan is happy to see you all again.
Currently, there are signs that the EURUSD market is bullish, with the level trading around 1.1160. Looking at our 4-hour chart, we can see that the EU has broken through the downtrend line and started to rise from 1.1068.
If the price holds 1.1175, the next forecast is likely to be a drop to around 1.1130 in line with the correction and test of the 34.89 EMA. At this point, the EU will receive strong support, which will help the currency reverse and increase in value to new highs.
Good luck to all of you and successful trading!
Currently, there are signs that the EURUSD market is bullish, with the level trading around 1.1160. Looking at our 4-hour chart, we can see that the EU has broken through the downtrend line and started to rise from 1.1068.
If the price holds 1.1175, the next forecast is likely to be a drop to around 1.1130 in line with the correction and test of the 34.89 EMA. At this point, the EU will receive strong support, which will help the currency reverse and increase in value to new highs.
Good luck to all of you and successful trading!
Trade active
Hello everyone! Today, let's follow the latest developments of the EUR/USD pair!
Currently, EUR/USD is still maintaining an upward trend, holding below 1.1078. Despite a slight correction on Monday from 1.1200, there is nothing to worry about. Because in the short to medium term, the market sentiment remains very optimistic amid a weakening US dollar around the signals of expected 4 rate cuts this year, thereby supporting the currency pair.
On the other hand, if EUR/USD finds support around 1.1068, I believe it will continue its upward momentum and may break the target level of 1.1200, paving the way for a journey to conquer new highs.
That's my opinion! Do you agree? Share your thoughts!
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