Updating the previous EUR/USD where we received many controversial comments from people not accounting for the current fundamentals. Yes, from the technical perspective, things looked bearish. However, the price proved many people wrong by spiking above the sideways-moving rectangular box and re-testing the upper boundary of it. Moreover, as portrayed on the chart, the descending trendline that is connecting the previous tops was also violated.
These factors give us enough confidence that the price will keep rising and reach the two targets set on the graph.
These factors give us enough confidence that the price will keep rising and reach the two targets set on the graph.
Related publications
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.
Related publications
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.