eur will decrease after a sudden increase due to bad USD credit
Updated
After the recent rally, EUR/USD broke above the resistance level lasting from 1.1000 to 1.1025. A bullish breakout would open up the potential for a rally to 1.1100, beyond which the upper border of the rising price channel is at 1.1140.
Conversely, if bullish momentum weakens and leads to a retracement below 1.1000, the first level of support lies at 1.0935, beyond that at 1.0830, approaching the 200-day SMA.
Conversely, if bullish momentum weakens and leads to a retracement below 1.1000, the first level of support lies at 1.0935, beyond that at 1.0830, approaching the 200-day SMA.
Note
The signal is quite good
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