EUR/USD about to go Bullish now?
EUR/USD has been in a prolonged state of downtrend for more than 40 days now.
After reversing from 1.1270, the price has dropped nearly 500 pips.
At present, we can see that EUR/USD is at the bottom of an ascending price channel
as shown in my chart. If you look closely, you will notice that even in the previous two
occasions, EUR/USD has reversed after hitting the lower trend line of the price channel.
So, if the area at 1.0750-1.08 region continues to hold, we can see a Bullish reversal
in EUR/USD.
After reversing from 1.1270, the price has dropped nearly 500 pips.
At present, we can see that EUR/USD is at the bottom of an ascending price channel
as shown in my chart. If you look closely, you will notice that even in the previous two
occasions, EUR/USD has reversed after hitting the lower trend line of the price channel.
So, if the area at 1.0750-1.08 region continues to hold, we can see a Bullish reversal
in EUR/USD.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.