EUR/USD had an amazing run-up recently. However, it seems that the upper trend line held strong as a resistance, sending the price downwards.
It seems that the US dollar is regaining some ground after losing a lot during the last few months, only the future will tell if the USD will stay strong in the longer term.
For now, I've marked a support area where I expect a lot of bullish pressure to occur, potentially sending the price back up. If the support doesn't hold, keep an eye out for the lower trend line. Happy trading!
It seems that the US dollar is regaining some ground after losing a lot during the last few months, only the future will tell if the USD will stay strong in the longer term.
For now, I've marked a support area where I expect a lot of bullish pressure to occur, potentially sending the price back up. If the support doesn't hold, keep an eye out for the lower trend line. Happy trading!
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