FX.co ★ berta.hill | EUR/USD

EUR/USD. The euro/dollar pair grew during the past trading week, updated the highs of the previous week, and closed slightly below the 1.18 level. This level is acting as resistance and has shown its significance multiple times. However, the current technical picture is slightly different and favors further growth. Firstly, in the local range of 1.1650-1.18, we entered from the bottom up, had some trading activity, and now are likely to exit from it also from the bottom up. This probability is always much higher in such a situation. Moreover, the 1.18 level is very close, just 15 points away. Therefore, at the beginning of the next week, we may try to test it, and during the week, we could potentially break through and target around 1.19.