Euro / U.S. DollarUpdated EURUSD ANALYSIS
The EURUSD currency pair has been forming successively higher tops and higher bottoms since 24th January 2019 when it registered the low price of 1.12893 on H1 chart. As demand is greater than supply, the sentiment has turned to positive while the buying pressure overcomes the selling pressure. The bulls shall control the period because of the swing formation of higher highs and higher lows. The EURUSD currency pair is following an upward direction. According to the upward direction of higher bottoms and higher tops, the EURUSD currency pair will create another higher top after crossing the price 1.14437.
The first Fibonacci price target is estimated at 1.14580 (161.8%). The second Fibonacci price target is estimated at 1.14812 (261.8%). The stop loss is 1.14205.
The first Fibonacci price target is estimated at 1.14580 (161.8%). The second Fibonacci price target is estimated at 1.14812 (261.8%). The stop loss is 1.14205.
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Trade closed: stop reached
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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.