EURUSD still trading above the 200 EMA, Failed to break below the trend line that started on 20 March 2020, couldn't stay long under the support area around 1.2050.
Inverted Head and shoulders looks clear now. Breaking The resistance area between 1.2150 and 1.2180 would Lead to a run to the 1st TP@ 1.2222, then 1.2275
Note: Both the RSI and Stochastic on the 1 Day chart show a strong up trend.
Inverted Head and shoulders looks clear now. Breaking The resistance area between 1.2150 and 1.2180 would Lead to a run to the 1st TP@ 1.2222, then 1.2275
Note: Both the RSI and Stochastic on the 1 Day chart show a strong up trend.