EURO-Start of a new bull trend!
Hi everyone
In my last analysis on EURUSD ,we had a good move down for the market to become healthy( a little bit of liquidity was needed).Now the resumption of the bull trend might be a possibility.For this move we need some more accumulation in the current channel.
Resistance level of 1.07$ will hold the price from falling for the next bar as well, then we will have a small move up and then,the 3rd move down will happen and we might see a breakout of the top trend line creating a new high for this week.
Hope this analysis helps you in a way.
I will gladly answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
In my last analysis on EURUSD ,we had a good move down for the market to become healthy( a little bit of liquidity was needed).Now the resumption of the bull trend might be a possibility.For this move we need some more accumulation in the current channel.
Resistance level of 1.07$ will hold the price from falling for the next bar as well, then we will have a small move up and then,the 3rd move down will happen and we might see a breakout of the top trend line creating a new high for this week.
Hope this analysis helps you in a way.
I will gladly answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
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