EUR/USD: bulls ready to push price higher

EUR/USD: bulls ready to push price higher


Bulls faced resistance at 1.1425, but the market is likely going to test the next resistance at 1.1464. If a pullback from this level happens, there'll be an opportunity to have a decline towards the nearest support at 1.1365.


The main trend is bullish. The price is consolidating under resistance at 1.1425. Meanwhile, bulls are likely going to reach another resistance at 1.1464 during the day. However, if we see a pullback from this level, bears will have a green light to reach support at 1.1398 - 1.1365.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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