What are your thoughts on EURUSD? The EUR/USD pair is moving within an ascending channel and is currently testing the bottom of the channel. After some consolidation in this support zone, the price is expected to move toward the top of the channel.
What’s your outlook? Will EUR/USD move toward the channel’s top?
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The price has moved away from our expected zone (channel bottom), and the first target has been reached. Currently, the market is reacting to this level. Monitoring price action at this point is crucial for the next move.
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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.