In spite of all the recent rises in the eurusd, we must not forget that we are still within a declining channel.
The increases were halted because of the small resistance that exists in 1.1080, but we think this resistance will not last.
The Stochastic has not reached the level of Overbought despite the recent increases which mean there is still room for increases.
The eurusd will continue to rise and its next target is the 200 moving average line at 1.1154
The increases were halted because of the small resistance that exists in 1.1080, but we think this resistance will not last.
The Stochastic has not reached the level of Overbought despite the recent increases which mean there is still room for increases.
The eurusd will continue to rise and its next target is the 200 moving average line at 1.1154