Hello everyone! Today, EUR/USD is maintaining its initial uptrend below 1.0700, starting the new week on a positive note on Monday. The pair is receiving bullish support due to improving market sentiment and a broad-based pullback in the US Dollar.
Looking at the technical picture of EUR/USD on the D1 frame, we can see that the pair is in a downtrend.
As we all know, the more a trend line is tested, the more chances it has to break. Therefore we should aim higher. If that happens it could potentially invite more buyers into the market.
Looking at the technical picture of EUR/USD on the D1 frame, we can see that the pair is in a downtrend.
As we all know, the more a trend line is tested, the more chances it has to break. Therefore we should aim higher. If that happens it could potentially invite more buyers into the market.
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are on the right graph
