Euro / Dolar A.S.
Panjang

EUR/USD about to go Bullish now?

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EUR/USD has been in a prolonged state of downtrend for more than 40 days now.
After reversing from 1.1270, the price has dropped nearly 500 pips.

At present, we can see that EUR/USD is at the bottom of an ascending price channel
as shown in my chart. If you look closely, you will notice that even in the previous two
occasions, EUR/USD has reversed after hitting the lower trend line of the price channel.

So, if the area at 1.0750-1.08 region continues to hold, we can see a Bullish reversal
in EUR/USD.

Penafian

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