FX.co ★ EURUSD remains in a bullish trend challenging new highs

EURUSD has managed to recapture 1.1930 today. After breaking above the short-term resistance of 1.1850, EURUSD has moved towards 2020 highs as expected. Our next target was 1.20 with potential to reach 1.21.

Gold price is inside the blue upward sloping channel. Trend is bullish as price continues to make higher highs and higher lows. Price has so far managed to respect support at 1.17 and the higher low at 1.1750. Now price is about to make new 2020 highs. There are some warning signs by the RSI but as long as price is above the lower channel boundary, we remain bullish. Key support is now raised from 1.1750 to 1.18