After a long bearish move, EUR/USD pair is going through a consolidation phase.
The pair has formed a full Elliot wave and a ABC correction wave can be expected.
Also the pair has started forming higher highs and higher lows.
Moreover the pair formed a symmetrical triangle, and a bullish breakout is given.
All these indications,signal that bulls are taking control over the market and we can expect good momentum after crossing 1.17259.
The next resistance is only around the levels of 1.18259.
The pair has formed a full Elliot wave and a ABC correction wave can be expected.
Also the pair has started forming higher highs and higher lows.
Moreover the pair formed a symmetrical triangle, and a bullish breakout is given.
All these indications,signal that bulls are taking control over the market and we can expect good momentum after crossing 1.17259.
The next resistance is only around the levels of 1.18259.
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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.
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.