Euro is continuing on a slow uptrend within a defined channel, but is having to fight for all the ground it is making.
It is currently at a area of consolidation and as such needs to be traded carefully. I will be watching the 15M/1H/4H charts for bullish reversals from bear runs and buying on weakness.
in the long term 1.18 is a area to be careful around and will make a good exit point for long term bulls, as will 1.22. If the bulls continue to be strong mid 1.30s are achievable but not without trouble along the way.
Trade safe friends and remember if you find my analysis interesting remember to like and subscribe!
It is currently at a area of consolidation and as such needs to be traded carefully. I will be watching the 15M/1H/4H charts for bullish reversals from bear runs and buying on weakness.
in the long term 1.18 is a area to be careful around and will make a good exit point for long term bulls, as will 1.22. If the bulls continue to be strong mid 1.30s are achievable but not without trouble along the way.
Trade safe friends and remember if you find my analysis interesting remember to like and subscribe!