EURUSD remains in a bullish short-term trend,

EURUSD remains in a bullish trend. Price has broken out and above the resistance of the Kumo. Both the tenkan-sen and kijun-sen are positively sloped. As long as price is above them trend will remain bullish.

Support is found at 1.0980, at 1.1030 and at 1.1065. These are important support levels. Breaking below any of the above levels would be a bearish sign. However a pull back and back test of the 1.1065 level which is the upper cloud boundary would be very likely to see.

Source: EURUSD remains in a bullish short-term trend,

Spread the love
 

Related Articles

Leave a Reply

%d bloggers like this:

Our website uses cookies and thereby collects information about your visit to improve our website (by analyzing), show you Social Media content and relevant advertisements. Please see our cookies page for furher details or agree by clicking the 'Accept' button.