EURUSD – The Bigger Picture of Euro

12 Dec - EURUSD Weekly

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Hi All,

This is just a quick update on the EURUSD. Looking at the weekly chart above, price is about to or currently testing 2 interesting Resistance.

  1. The high of 25th Oct – if price breaks above the high, it would have made a higher high and that is a bullish confirmation that I mentioned on the 6th Nov (See article).
  2. At the same time, there is also a longer term trendline since 2008 (see above).

With that, EURUSD seems to be entering an interesting territory. I look forward to see what’s going to happen.

Thank you for reading and happy trading.

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