Ranges Against Trends. Will EUR/USD Go Higher ?
While the chart above highlights the range trading nature for EUR/USD of late, if we zoom out on the timeframe, the currency pair remains above an ascending trendline.
The June high of 1.1096 may offer resistance ahead of the March 2022 peak of 1.1185.
A clean break above these levels might imply that the ascending trend is intact and could see further bullishness evolve.
The June high of 1.1096 may offer resistance ahead of the March 2022 peak of 1.1185.
A clean break above these levels might imply that the ascending trend is intact and could see further bullishness evolve.
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