Price is just going up looking daily chart.

eurusd

Nothing is showing us that it will fall any time soon. I marked two possible options on daily chart. Price broke lots of resistance, 1.14 was broken, blue trend line was broken, previous high (red horizontal line) on the left side was broken. Now price test another high on the left side at 1.1530. 4h chart is showing that no resistance was respected at all.

eurusd-4h

MACD is still pointing up, Stochastics can stay in overbought territory for a long time.
There is no major red news today in US and EU.

Leave a Reply