The EUR/USD pair is trading at 1.0949 at the time of writing. In the short term, it is moving somehow sideways trying to attract more buyers before resuming its growth. After its strong growth, it dropped a little but it has failed to reach the uptrend line which represents a downside obstacle.
As long as the price stays above the uptrend line, the EUR/USD pair could resume its uptrend. Technically, the former high of 1.0961 represents an upside obstacle.
EUR/USD Trading Conclusion!
Jumping and stabilizing above 1.0961 validates further growth and is seen as a buying opportunity.
The material has been provided by InstaForex Company – www.instaforex.com
EUR/USD Uptrend Intact!
The EUR/USD pair is trading at 1.0949 at the time of writing. In the short term, it is moving somehow sideways trying to attract more buyers before resuming its growth. After its strong growth, it dropped a little but it has failed to reach the uptrend line which represents a downside obstacle.
As long as the price stays above the uptrend line, the EUR/USD pair could resume its uptrend. Technically, the former high of 1.0961 represents an upside obstacle.
EUR/USD Trading Conclusion!
Jumping and stabilizing above 1.0961 validates further growth and is seen as a buying opportunity.
The material has been provided by InstaForex Company – www.instaforex.com
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