EURUSD: dollar weakness on the horizon?
A typical ascending triangle pattern is busy developing. A break usually occurs to the upside.
A bullish trend is applicable above 1.0480. Crossing below this level will negate the bullish trend.
Further bullish trend support when crossing above 1.0580.
Consolidation price range from 1.0525 to 1.0620. Crossing above 1.0620 might target 1.0765.
Crossing below 1.0525 will be the first sign of weakness.
Remains a countertrend idea with a high-risk classification.
A bullish trend is applicable above 1.0480. Crossing below this level will negate the bullish trend.
Further bullish trend support when crossing above 1.0580.
Consolidation price range from 1.0525 to 1.0620. Crossing above 1.0620 might target 1.0765.
Crossing below 1.0525 will be the first sign of weakness.
Remains a countertrend idea with a high-risk classification.