AshleyB95

EURUSD - Where next?

FX:EURUSD   Euro / U.S. Dollar
EURUSD has gained significant momentum over the past few months and is currently in an uptrend. I have marked out a couple of key areas here and drawn on a couple of possible scenarios. We have had a 61.8 fib bounce recently and a pretty heavy resistance from that. A break and a retest of the trend line could set us up for some bearish movement from this pair but currently this pair is still putting in higher highs and higher lows whilst forming new highs.

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