FXHighway

EURUSD triggering the key to revive the bullish track

Long
FX:EURUSD   Euro / U.S. Dollar
1
EURUSD found solid support base above 50% fibonacci level for the recent bullish wave, to rebound positively and breaches now the falling wedge's resistance line, which forms a positive motive now that could be the key to bring the price back to the bullish trend.

Next target is surpassing 1.3850 to confirm the return to the ascending channel, while breaking below 1.3720 then 1.3660 will put more negative pressure on the short term basis.

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.