The EUR/USD is building a bullish breakout above the double top. An uptrend continuation is imminent as long as price stays above the key support zone (green box) at 1.1325.
4 hour chart
The EUR/USD has been using the long-term moving averages as a cushion for continuous bullish bounces. The uptrend channel has a good angle, which indicates a well balanced trend. The 21 ema is therefore expected to act as support.
The EUR/USD is expected to build a shallow pullback and continue towards the target zone at 1.1450. The next target is aimed at the round level of 1.15. Only a break below the support of the uptrend channel and horizontal support level would invalidate (red x) the bullish scenario.
The analysis has been done with the ecs.SWAT method and ebook.
作者：Chris Svorcik，文章来源FXStreet，版权归原作者所有，如有侵权请联系本人删除。
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