FX.co ★ EUR/USD Grows As Expected!

EUR/USD increases after failing to stay below the 1.1813 level (former high). It stands at 1.1849 at the time of writing and it could resume its growth towards the 1.1877 high.

The pair could resume its growth as long as it stays above the uptrend line. Techncially, I've told you that EUR/USD could develop an important growth after jumping above the downtrend line.

Trading Conclusion!

The current increase above 1.1836 yesterday's high is seen as a buying opportunity. A larger upside movement will be confirmed by a breakout above the 1.1877 level.