The EURO DOLLAR seems to be bullish in the short term, buyers has been pushing up and they wanted to reach the resistance around 1.0600 which is falling trendline resistance. Currently the price is trading within horizontal resistance which is now acting as support, around the resistance and price is testing the breakout, there's raising trendline, and bullish flag printed there, all those signs signaled for bullish continuation to the 1.0600 resistance for the pullback. However trading below the horizontal resistance may signal for bearish movement. But we look ahead to fundamental aspects, dollar is being more weak for FED's pivot and expectation to halt for increment of interest rates.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.