Euro / U.S. Dollar
Long

EURUSD turns higher

49
Target: 1.1700
Risk: 1.1495

Technical reasons:

Surpassing the descending channel’s resistance opens the door for a key turn to the short term trend, to head towards 1.1700 areas in the coming period.

The consolidation above 1.1495 is important to continue the expected bullish trend.

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.