OraclePips

EU BIAS: BUY IT. DON'T SELL IT

Long
FX:EURUSD   Euro / U.S. Dollar
Zoom the chart to see it clearly. The EU market is strongly bullish. The bulls are in control of the market. As you can see, the small ascending triangle has been broken and retested now, showing a strong bullish momentum move in the EU market. Our target area for the profit-taking is the 1.06719 resistance level, the double top area. The two arrows drawn showed the area where the price has broken and retested.

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.