Here is our analysis on the EUR/USD
The pair has broken above 1.20 resistance and is now trading at 1.20400
At the moment everything is still bullish
The pair is still within its ascending channel
But the pair is currently trading at a minor support/resistance indicated on the chart
We expect the pair to retrace back to 1.20 before continuing its uptrend
Or ignore the retracement and continue to trade till 1.20800 which will be the next resistance level
to test.
If the pair breaks below 1.20 we would expect it to touch support @ 1.19500
link to previous analysis below
The pair has broken above 1.20 resistance and is now trading at 1.20400
At the moment everything is still bullish
The pair is still within its ascending channel
But the pair is currently trading at a minor support/resistance indicated on the chart
We expect the pair to retrace back to 1.20 before continuing its uptrend
Or ignore the retracement and continue to trade till 1.20800 which will be the next resistance level
to test.
If the pair breaks below 1.20 we would expect it to touch support @ 1.19500
link to previous analysis below
