EURUSD: Buy or Sell?
Dear traders!
Breaking out of the bullish channel has fueled an impressive rally in EUR/USD, with the pair currently trading around 1.0806 and showing no signs of slowing down from the bulls.
In the short term, to maintain its upward momentum, EUR/USD must break through the key resistance level at 1.093. A successful breakout could extend its bullish journey. Conversely, if this resistance holds firm, selling pressure may increase, causing the price to reverse and trigger a corrective move against the current trend.
Breaking out of the bullish channel has fueled an impressive rally in EUR/USD, with the pair currently trading around 1.0806 and showing no signs of slowing down from the bulls.
In the short term, to maintain its upward momentum, EUR/USD must break through the key resistance level at 1.093. A successful breakout could extend its bullish journey. Conversely, if this resistance holds firm, selling pressure may increase, causing the price to reverse and trigger a corrective move against the current trend.
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⭐️I are here to help you make money:
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.