EURUSD has been trading with in a triangle. The price has been converged.
Recently the price took support from lower side and now approached to the higher side.
The bulls will face the falling trendline as well 200MA and 0.50 fib level as resistances before bulls took complete control.
One can long only if price sustain above 0.50 fib and 200MA.
The rejection from mentioned levels will bring bears in strength.
Watch out the key level for further trend confirmation
Manage your trades accordingly.
Recently the price took support from lower side and now approached to the higher side.
The bulls will face the falling trendline as well 200MA and 0.50 fib level as resistances before bulls took complete control.
One can long only if price sustain above 0.50 fib and 200MA.
The rejection from mentioned levels will bring bears in strength.
Watch out the key level for further trend confirmation
Manage your trades accordingly.
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