eur will decrease after a sudden increase due to bad USD credit
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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Related publications
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.