EURUSD can be bullish
By looking at price action we can understood that the chart made a spike, channel , trading range.
Perhaps it's a sing of bearish trend weakens; because it's show that the trend legs are not as strong as before and sellers cannot maintain the strength of bearish trend.
after breaking the resistance level of trading range 1.08687 (it's the last height of trend too) we can expect too bullish trend.
It's just my personal comment please don't trade with this and observe the risk management.
Thanks for your attention.
Perhaps it's a sing of bearish trend weakens; because it's show that the trend legs are not as strong as before and sellers cannot maintain the strength of bearish trend.
Also the DXY has weakness in both the number of candles and the slope of the trend.
after breaking the resistance level of trading range 1.08687 (it's the last height of trend too) we can expect too bullish trend.
It's just my personal comment please don't trade with this and observe the risk management.
Thanks for your attention.
Feragatname
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