EUR/USD Attracts More Buyers!
Login

EUR/USD Attracts More Buyers!

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Olimpiu Tuns

Updated:


EUR/USD moves sideways in the short term trying to accumulate more buying energy before jumping towards new highs. The pair rallies as the US Dollar Index plunged in the last hours.

EUR is strongly bullish again as the Euro-zone Flash Services PMI and Flash Manufacturing PMI have come in better than expected earlier. The services sector is back in the expansion territory after a long time which is good for the European currency.

EUR/USD H4 Chart Analysis!

EUR/USD has decreased a little to test and retest the ascending pitchfork’s upper median line (uml). Now is almost to reach the weekly R2 (1.2072) static resistance. Jumping and stabilizing above it, registering a new higher high could activate further growth.

It’s trapped between 1.2079 and 1.1999 levels. This range is seen as a continuation pattern, an upside breakout could bring a new long opportunity.

Conclusion!

An upside breakout and a new higher high could signal that EUR/USD could resume its swing higher.

 

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News