EURUSD: Increase the price when the price decreases!
Currently, EURUSD has escaped the channel with a slight recovery, quickly regaining 1,111 milestones in the first session of the week. It is worth noting that this pair of money is establishing a support threshold near the previous breaking area, causing many investors to start considering the next strategies.
From a technical perspective, if the EMA 34 and EMA 89 lines show signs of convergence, this can be a good signal signaling the early reversal. In that case, profit goals may be aimed at the landmarks of 1,115 and 1,120. However, to be safer, we should wait for more clear price increase signals before making a decision, because this breakthrough may also be just a short -term regression.
So what do you think? It is time for us to act or still stand outside to observe?
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