• Up trend intact as long as we are above the line
• 20 Moving average supporting the price
• Buying pressure/momentum is still bullish
• Potentially, the Euro is ready to print new highs in the coming sessions
• First upside target is 1.11360 followed by 1.1190 and 1.123 (61.8% of the entire 2021-2022 decline)
• We might see a re-test of the ascending trend line soon before the bulls resume the rally, keep in mind markets never keep moving in one direction, expect some profit taking and correction soon
• 20 Moving average supporting the price
• Buying pressure/momentum is still bullish
• Potentially, the Euro is ready to print new highs in the coming sessions
• First upside target is 1.11360 followed by 1.1190 and 1.123 (61.8% of the entire 2021-2022 decline)
• We might see a re-test of the ascending trend line soon before the bulls resume the rally, keep in mind markets never keep moving in one direction, expect some profit taking and correction soon
Ramzi Abou Abdallah, CFTe, CMT
♦️ Subscribe to my telegram channel for daily signals for free, link below:
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♦️ Subscribe to my telegram channel for daily signals for free, link below:
♦️ t.me/accu_trading