In the previous EURUSD I was expecting the resumption of uptrend. Still I have the same view for EURUSD.
It's in the uptrend and there is no sign of changing the direction for now. I just wanted to update my idea because now we have a new top @1.22728.
I expect EURUSD continue going up to 1.24.
Long term view EURUSD
In the monthly timeframe downtrend line is broken. And in the weekly timeframe 1.1610 acted as a valley and supporting area and price is forming a new uptrend. In D1 after we reached 1.2170 price started going down maybe to reach 23% Fibonacci retracement.
In the H4 after forming a top @1.2173 and after that a shooting star with a high...