EUR/USD: Room for further upside

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We indicated yesterday that “the current price movements appear to be part of a consolidation phase” and we expected EUR to trade in a range of 1.0910/1.0970. EUR then traded between 1.0905 and 1.0946. The price actions still appear to be consolidative, but the slightly weakened underlying tone suggests EUR is likely to trade in a lower range of 1.0890/1.0950.

EURUSD has been trending up since it hit the 1.0910 support area. It is likely that EURUSD will return to the price zone of 1.0965-1.0970

EURUSD BUY 1.0925 - 1.0915 💯💯

✅ TP1: 1.0955
✅ TP2: 1.0980

🛑 SL: 1.0900

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ملاحظة

Running. +25PIPS