Bullish outlook from EURUSD
Updated
EURUSD continues to attempt to rise from previous losses and is currently trading at the level of 1.057.
After breaking out of the range around the 1.065 price level, EU extended its downward trend to 1.050. By observing the chart, a cup and handle pattern may be forming. EU is trading above the 34 and 89 EMA lines, indicating an upward trend. A rise to 1.066 can be expected for this upward movement.
And you, what do you think ?
After breaking out of the range around the 1.065 price level, EU extended its downward trend to 1.050. By observing the chart, a cup and handle pattern may be forming. EU is trading above the 34 and 89 EMA lines, indicating an upward trend. A rise to 1.066 can be expected for this upward movement.
And you, what do you think ?
Note
good luckNote
The annual inflation rate in Germany fell from 6.1% to 4.5%, while business and consumer sentiment indicators declined but less than expected. On Friday, Eurostat will release the Eurozone Harmonized Index of Consumer Prices, expected at 4.5% (down from 5.2%) for the headline rate and 4.8% (down from 5.3%) for the core rate.Note
The cup pattern has been formed
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