Euro / U.S. DollarUpdated Where do you go EU?
I see two possible scenarios:
1. For a couple of weeks looking for the direction the EU. After it will go up the main resistance levels towards 1.17500!?, 1.18500 !? and 1.20000 ???
2. The trend lines of the ascending triangle can determine a fall rate. I see here 2-3 strong support and the bottom line of the pitchfork. I think another 100 pip drop is expected and then the price rises again for a while.
1. For a couple of weeks looking for the direction the EU. After it will go up the main resistance levels towards 1.17500!?, 1.18500 !? and 1.20000 ???
2. The trend lines of the ascending triangle can determine a fall rate. I see here 2-3 strong support and the bottom line of the pitchfork. I think another 100 pip drop is expected and then the price rises again for a while.
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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.