There is No Double top from our point of view and the EUR/USD is recovering ground above 1.0500, eyeing a sustained move above 1.0600 in the European session this Monday. The latest uptick in the currency pair could be associated with a minor pullback in the US Dollar across the curve, as the US Treasury bond yields extend to the downside.
EUR/USD has been traversing within a rising channel formation since November 11, with bulls now looking to challenge the upper boundary of the channel, at 1.0600
The 14-day Relative Strength Index (RSI) stays flat above the 50.00 level, suggesting that there is more room for the upside.
We are Looking for a new Bullish impulse.
EUR/USD has been traversing within a rising channel formation since November 11, with bulls now looking to challenge the upper boundary of the channel, at 1.0600
The 14-day Relative Strength Index (RSI) stays flat above the 50.00 level, suggesting that there is more room for the upside.
We are Looking for a new Bullish impulse.
Note
✅ PREVIOUS CORRECT IDEA
Note
TODAY PRICE MAY GROW MORE.
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🟪 Instagram: instagram.com/forexn1_com/
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🟪 Instagram: instagram.com/forexn1_com/
Related publications
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.