Contributors Technical Analysis EUR/USD Increases Ahead The US Data

EUR/USD Increases Ahead The US Data

EUR/USD resumed the yesterday’s bullish candle and now is trying to retest the upper median line (uml) of the minor ascending pitchfork. Could be attracted by the confluence area formed at the intersection between the upper median line (uml) and the upper median line (uml) of the descending pitchfork.

A rejection from the mentioned resistance levels will send the rate down again, an important downside target will be at the confluence area formed by the median line (ml) of the descending pitchfork with the median line (ml) of the ascending pitchfork.

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