EURUSD broke out of the ascending channel, which means the bullish trend is on hold.
Usually the markets consolidate around significant levels, and we can see that currently the price is consolidating near the dynamic support following the 1.07500 level rejection.
We anticipate a retest of the support because price is gravitating toward the 38.2% level that drawn on the daily timeframe.
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Usually the markets consolidate around significant levels, and we can see that currently the price is consolidating near the dynamic support following the 1.07500 level rejection.
We anticipate a retest of the support because price is gravitating toward the 38.2% level that drawn on the daily timeframe.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
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