Market's been trading in this descending channel since January and right now in a bull leg putting pressure against the resistance trend line.
If we are to see more USD strength (the dollar has been on a tear lately), then this could be a nice breakout setup.
Watching that 1.26 level like a hawk...
If we are to see more USD strength (the dollar has been on a tear lately), then this could be a nice breakout setup.
Watching that 1.26 level like a hawk...
Note
Is this thing going to break out? Here's the 15-min view. You be the judge... ;)Note
There it is. Now let's see if it can hold that breakout...Note
Looking for a HTF confirmation...Trade active
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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.