EURUSD is approaching to its horizontal resistance of 0.98800 where bears once again show some powers. The dominent trend is bearish as clearily defined by bearish parallel channel. EMA55 is also the dynamic resistance for the EURUSD.
For bulls, the rising support is added advantage as price is respecting and making higher lows in shorter timeframe.
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.