EUR/USD was in a bearish trend. The price action has just broken out of the Falling Resistance after bouncing from an important Support Zone. The Bullish Bias is based on the following confluence:
Expecting bulls to take charge and push prices higher.
- Falling Resistance broken
- Bounce from Support Zone
- Bullish Divergence on RSI
- Bullish Engulfing candle on LH
Expecting bulls to take charge and push prices higher.
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.
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.