EUR/USD has broken rising counter-trend support, hinting that the next leg of the near-term downtrend may be afoot. Resistance-turned-support marked by swing tops from June and March 2020 is anchored at 1.1423. Neutralizing the near-term bearish setup probably demands a break and close above 1.1577. That might open the door for a test of subsequent resistance capped at 1.1630.
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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.