• Euro is trading in a bullish trend
• Further signs of trend reversal are showing up everyday
• First, the pair is trading above the 200 SMA for the second consecutive day
• Bulls managed to break and trade above the descending trend line since March 2022
• Price confined inside an ascending triangle, a bullish formation
• A break above the triangle targets 1.08 (March low) as per the projection method
• Further signs of trend reversal are showing up everyday
• First, the pair is trading above the 200 SMA for the second consecutive day
• Bulls managed to break and trade above the descending trend line since March 2022
• Price confined inside an ascending triangle, a bullish formation
• A break above the triangle targets 1.08 (March low) as per the projection method
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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.