Dear friends, currently EURUSD is challenging the 1.0600 resistance level. The recovery of this currency pair is supported by the temporary halt in the overnight recovery of the US dollar. The next focus for Euro traders is the IFO survey in Germany.
From the technical analysis chart: a well-established uptrend line indicates the possibility of price increase. Therefore, it is likely that the price will aim for 1.0639 with the goal of reducing selling pressure. This expected rise may reach the 1.0700 level, which marks the upper limit of the price channel. What are your thoughts on this?
From the technical analysis chart: a well-established uptrend line indicates the possibility of price increase. Therefore, it is likely that the price will aim for 1.0639 with the goal of reducing selling pressure. This expected rise may reach the 1.0700 level, which marks the upper limit of the price channel. What are your thoughts on this?
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