Good day to you all,
The 16th of June 2020 started with a turn to the downside. Around 14:00 the market took a turn to the upside but could not beat previous highs. Between the afternoon of the 16th and the 21st of June 2020, buyers and sellers were in battle creating a channel until buyers gained enough strength. Bullish price broke out of the channel which was then confirmed with a bullish candlestick that opened and closed above trend line. News on PMI data from Europe came out positive which continued to push the EUR to the upside and hitting TP1 and heading to TP2.
Kindly note, I'm an amateur trader.
The 16th of June 2020 started with a turn to the downside. Around 14:00 the market took a turn to the upside but could not beat previous highs. Between the afternoon of the 16th and the 21st of June 2020, buyers and sellers were in battle creating a channel until buyers gained enough strength. Bullish price broke out of the channel which was then confirmed with a bullish candlestick that opened and closed above trend line. News on PMI data from Europe came out positive which continued to push the EUR to the upside and hitting TP1 and heading to TP2.
Kindly note, I'm an amateur trader.