EURUSD: Bullish Wave Continues! Where is the STOP?!

19 de dez. de 2020

EURUSD remains sharply bullish.
The price keeps growing setting new structure highs.

On a weekly we can see where bulls are aiming at:
during the last 5 years, the price is trading within a gigantic horizontal trading range.
1.04 is the support of this range and 1.25 is its resistance.

Right now the price is very close to the upper boundary of the range.
It looks like bulls are willing to reach that soon.
Only then we can expect a strong pullback and potential reversal,
but for now, let it run.