As we can all see price has broken its bullish trend line that was formed a couple weeks ago. It has reached the very start of the trend line which in this area also happens to be the 1.21280 support and both the daily and weekly 0.5 fib retracement. The multiple rejections of this area also leads us to have more than enough confirmation signals for a future move to the upside.
This was my analysis on EUR/USD and I hope you like it, see you on the next one!
This was my analysis on EUR/USD and I hope you like it, see you on the next one!