Hello traders,
EUR/USD is trading above an uptrend support line that has been accompanying the pair since mid May, making higher highs and higher lows.
It is also worth mentioning that the pair is trading above all its main moving averages.
The up trend is supported by slightly hawkish Lagarde's speech last week and dovish FOMC, and that is making the fundamentals between the two currencies narrower than before.
Long positions are safe as long as the pair is trading above the medium term up trend support today at 1.1760, and the critical support at 1.1690.
Next resistance level/bulls target is at 1.1965 followed by 1.2010.
Good luck
EUR/USD is trading above an uptrend support line that has been accompanying the pair since mid May, making higher highs and higher lows.
It is also worth mentioning that the pair is trading above all its main moving averages.
The up trend is supported by slightly hawkish Lagarde's speech last week and dovish FOMC, and that is making the fundamentals between the two currencies narrower than before.
Long positions are safe as long as the pair is trading above the medium term up trend support today at 1.1760, and the critical support at 1.1690.
Next resistance level/bulls target is at 1.1965 followed by 1.2010.
Good luck
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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.
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.