FX.co ★ EUR/USD: uptrend unharmed

EUR/USD Attracting More Buyers!

The EUR/USD pair is moving sideways in the short term. It's trading at 1.1224 at the time of writing. After its strong growth, a temporary retreat was natural as the price tries to attract more buyers before resuming its growth.

Technically, the uptrend line and the former low of 1.1208 represent downside obstacles. As long as it stays above the uptrend line, the EUR/USD pair should resume its growth.

EUR/USD Trading Conclusion!

Testing and retesting the uptrend line and staying above it should announce a new upwards movement.

Only dropping and stabilizing below the uptrend line invalidates an upside continuation.