EURUSD Breaks the descending channel from Jan '21

27 Nis 2021

EURUSD has showed signs of a strong recovery since April as it bounced of strong support (1.1713). The price increased to hit resistance (1.2115). If the EURUSD fails to stay above the (1.2053) level expect it to fall onto previous resistance (1.1975). If price can hold above previous resistance (1.2053) then we could see a continuation towards February's high (1.22446)