EUR/USD Uptrend support line intact
Hello traders,
EUR/USD is trading above an uptrend support line that has been accompanying the pair since mid May, making higher highs and higher lows.
It is also worth mentioning that the pair is trading above all its main moving averages.
The up trend is supported by slightly hawkish Lagarde's speech last week and dovish FOMC, and that is making the fundamentals between the two currencies narrower than before.
Long positions are safe as long as the pair is trading above the medium term up trend support today at 1.1760, and the critical support at 1.1690.
Next resistance level/bulls target is at 1.1965 followed by 1.2010.
Good luck
EUR/USD is trading above an uptrend support line that has been accompanying the pair since mid May, making higher highs and higher lows.
It is also worth mentioning that the pair is trading above all its main moving averages.
The up trend is supported by slightly hawkish Lagarde's speech last week and dovish FOMC, and that is making the fundamentals between the two currencies narrower than before.
Long positions are safe as long as the pair is trading above the medium term up trend support today at 1.1760, and the critical support at 1.1690.
Next resistance level/bulls target is at 1.1965 followed by 1.2010.
Good luck
Ramzi Abou Abdallah, CFTe, CMT
♦️ Subscribe to my telegram channel for daily signals for free, link below:
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♦️ Subscribe to my telegram channel for daily signals for free, link below:
♦️ t.me/accu_trading