On the D chart EUR/USD has made new HH & HL
Price having broken key support levels @ around 1.11744 and 1.11806 on the 4H, the next significant level will be around the 1.12222 and 1.2400 respectively
A clear break through the trend line, signal a possible bullish trend in the near future
Price having broken key support levels @ around 1.11744 and 1.11806 on the 4H, the next significant level will be around the 1.12222 and 1.2400 respectively
A clear break through the trend line, signal a possible bullish trend in the near future
Commentaire:
the pair faced a sharp sell off in the first weeks of the year but price is well in the oversold levels and will most probably tick higher