EUR/USD: Fake Double Top - Price is Growing - New LONG Setup

There is No Double top from our point of view and the EUR/USD is recovering ground above 1.0500, eyeing a sustained move above 1.0600 in the European session this Monday. The latest uptick in the currency pair could be associated with a minor pullback in the US Dollar across the curve, as the US Treasury bond yields extend to the downside.
EUR/USD has been traversing within a rising channel formation since November 11, with bulls now looking to challenge the upper boundary of the channel, at 1.0600
The 14-day Relative Strength Index (RSI) stays flat above the 50.00 level, suggesting that there is more room for the upside.
We are Looking for a new Bullish impulse.

Commentaire:

✅ PREVIOUS CORRECT IDEA

Commentaire:

TODAY PRICE MAY GROW MORE.