EUR/USD testing bull trend after ECB meeting
following today's dovish-leaning ECB press conference, the EUR/USD dropped.
But the trend has been bullish for this pair and we favour looking for bullish setups than bearish ones.
One such area to watch out for bullish price action was being tested at the time of writing around 1.0900-1.0905 area. Here, the point of origin of the breakout and a bullish trend line converge.
Can the EUR/USD resume higher from here, or will we see a deeper pullback towards 1.0850?
By Fawad Razaqzada, market analyst at FOREX.com
But the trend has been bullish for this pair and we favour looking for bullish setups than bearish ones.
One such area to watch out for bullish price action was being tested at the time of writing around 1.0900-1.0905 area. Here, the point of origin of the breakout and a bullish trend line converge.
Can the EUR/USD resume higher from here, or will we see a deeper pullback towards 1.0850?
By Fawad Razaqzada, market analyst at FOREX.com
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