Euro Challenging Yearly Range
Channels within channels!
Euro's attempt to breach the yearly (Feb) range highs was met with an outside-day reversal candle.
Pullback keeps price within this near-term ascending channel formation. Look for the breakout in the days ahead.
Topside breach exposes 1.2748
Break of this near-term channel would threaten a test of the 2022 uptrend (currently near 1.0630s).
Michael Boutros, Sr Technical Strategist with FOREX.com
MBForex
Euro's attempt to breach the yearly (Feb) range highs was met with an outside-day reversal candle.
Pullback keeps price within this near-term ascending channel formation. Look for the breakout in the days ahead.
Topside breach exposes 1.2748
Break of this near-term channel would threaten a test of the 2022 uptrend (currently near 1.0630s).
Michael Boutros, Sr Technical Strategist with FOREX.com
MBForex
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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.