EUR/USD: is it finally time for big moves?

12 בינו׳ 2022

The price of EURUSD has been ranging within the borders of a formed ascending triangle for the past few consecutive weeks. It can be observed that bullish pressure has stepped into the market and is trying to drive the price higher to the upside. Only if the price manages to break the crucial zone of resistance and re-test it, we are gonna be aiming towards opening LONG positions and targeting the 1.153 zone of resistance, which previously acted as an important area of support.

Have a great trade, everyone!