FX.co ★ EUR/USD: reversal above 1.0637

EUR/USD Range Pattern!

The EUR/USD pair is located at 1.0589 at the time of writing. In the short term, it is moving sideways between 1.0493 and 1.0637 levels. From the technical point of view, jumping and stabilizing above the downtrend line announced that the downside movement ended and that the buyers could drag it higher.

EUR/USD Trading Conclusion!

Jumping and stabilizing above 1.0637 activates a potential upside reversal. This scenario helps the buyers to catch a larger growth.