EURUSD technical
EURUSD bulls just capped off an impressive week.
I first mentioned this descending channel, which is also serving as a bull flag pattern on June 29th.
The July 6th close above resistance confirmed the breakout and exposed the 1.1350 resistance level.
That’s the area I mentioned last weekend.
As anticipated, EURUSD broke above 1.1350 last Tuesday, which opened the door to the channel’s inception point at 1.1420.
If EURUSD holds above 1.1420, we could see a quick run to 1.1500.
If it doesn’t, we will likely see more sideways movement above 1.1350.
I first mentioned this descending channel, which is also serving as a bull flag pattern on June 29th.
The July 6th close above resistance confirmed the breakout and exposed the 1.1350 resistance level.
That’s the area I mentioned last weekend.
As anticipated, EURUSD broke above 1.1350 last Tuesday, which opened the door to the channel’s inception point at 1.1420.
If EURUSD holds above 1.1420, we could see a quick run to 1.1500.
If it doesn’t, we will likely see more sideways movement above 1.1350.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.