$EURUSD - Respect the Ascension Line
Weekly bouncing along the ascending trend line connecting Feb 2017 trough to the next trough set in Nov 2017, supported by bullish momentum of 28EMA staying above 49EMA. Looking for an upward push towards $1.2477 followed by a breakout to new highs, setting in motion a bullish medium continuation trend. However, rejection from these levels could cause pricing to retreat towards the ascension trend line at $1.2239 level and pause for direction. Traders looking to take pricing much higher at the expense of a retreating USDJPY.
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