Overall, EU is trending upwards, respecting the flag pattern followed by a re-test, build up and a breakout. EU found some bearish pressure yesterday but on the 4h it respected the build up support very well with a long wick rejection (1.2175). Will be mainly focusing on the long opportunities with 1.24 - 1.25 as target, unless there's a sudden catalyst bringing bearish sentiment into the market.
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.