FX.co ★ EUR/USD Buyers In Full Control

EUR/USD has resumed its uptrend reaching a new higher high of 1.2295. I have mentioned in my analysis that the pair is expected to jump higher as long as it stays above the black uptrend line.

The price has decreased a little from the 1.2295 high but this could be only a temporary drop before it jumps way higher. Passing and stabilizing above the 1.2300 psychological level indicates further growth.

EUR/USD Trading Tips

Buy EUR/USD if it jumps above 1.2300 and use the 1.2400 psychological level as an upside target.