FX.co ★ EUR/USD: upside reversal still possible

EUR/USD 1.0760 Key Obstacle!

The EUR/USD pair jumped above the downtrend line (upside obstacle) signaling that the downtrend could be over and that the buyers could take it higher again. It's trapped between 1.0691 (downside obstacle) and 1.0760 (upside obstacle).

Escaping from this range could bring us new opportunities. Staying near 1.0760 may announce an imminent breakout.

EUR/USD Trading Conclusion!

Jumping and stabilizing above 1.0760 validates further growth and is seen as a buying opportunity.