FenzoFx—EUR/USD formed a hammer candlestick pattern during the London session, above the 50-period simple moving average. The critical support level that stands between the bull and the bear market rests at $1.1327.
The bullish trend is likely to resume if the price remains above the support level. In this scenario, the next target could be the previous day's high at $1.1380, followed by $1.1450.
The bullish trend is likely to resume if the price remains above the support level. In this scenario, the next target could be the previous day's high at $1.1380, followed by $1.1450.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.