The Euro is Ready To Go!
Let us talk briefly about the EUR/USD.
The thing to note about this pair is that it has respected every major level of support. Another interesting thing to consider is that this pair has also been pulling away from the bottom of it's minor trend channel which indicates that demand may be emerging. From analyzing the weekly and monthly charts, EUR/USD prices are still being held within a down channel but just like the minor channel, prices are pulling away from the bottom of the channel.
For now? I'm a bull but I wanna see what happens at around 1.125.
The thing to note about this pair is that it has respected every major level of support. Another interesting thing to consider is that this pair has also been pulling away from the bottom of it's minor trend channel which indicates that demand may be emerging. From analyzing the weekly and monthly charts, EUR/USD prices are still being held within a down channel but just like the minor channel, prices are pulling away from the bottom of the channel.
For now? I'm a bull but I wanna see what happens at around 1.125.
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.