Hello everyone
As I said earlier today, because of the news from federal reserve, USD is in a down trend,there fore every pair with this currency is in a good uptrend.
For EURUSD, We have a bull trend line with a good amount of buy volume on 1.05$, so it's safe to say we have a good amount of support on this level.the resistance level of 1.06$ may have some effects in the next 2-3 bars in 4 hours but as we have an OIO pattern(outside ,inside ,outside), the bull trend is more likely to resume.
As I said earlier today, because of the news from federal reserve, USD is in a down trend,there fore every pair with this currency is in a good uptrend.
For EURUSD, We have a bull trend line with a good amount of buy volume on 1.05$, so it's safe to say we have a good amount of support on this level.the resistance level of 1.06$ may have some effects in the next 2-3 bars in 4 hours but as we have an OIO pattern(outside ,inside ,outside), the bull trend is more likely to resume.
