EURUSD: Thoughts and Analysis
Today's focus: EURUSD
Pattern – Continuation (Bullish)
Support – 1.0794
Resistance – 1.0855, 1.0896
Hi, traders; thanks for tuning in for today's update. Today, we are looking at the EURUSD on the daily chart.
Will we see the EURUSD set off on a new continuation higher? Bulls have broken the downtrend and formed a higher low. We have a trigger bar, but we still need to see confirmation with a break of resistance.
The USD also plays a part in this story, and we have some news that could aid and hurt the EURUSD picture this week.
Good trading.
Pattern – Continuation (Bullish)
Support – 1.0794
Resistance – 1.0855, 1.0896
Hi, traders; thanks for tuning in for today's update. Today, we are looking at the EURUSD on the daily chart.
Will we see the EURUSD set off on a new continuation higher? Bulls have broken the downtrend and formed a higher low. We have a trigger bar, but we still need to see confirmation with a break of resistance.
The USD also plays a part in this story, and we have some news that could aid and hurt the EURUSD picture this week.
Good trading.
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