The EURUSD breaches the channel – Analysis - 14-04-2022
1 year ago

The EURUSD pair’s decline stopped near 1.0800 barrier, and bounced upwards strongly to breach the bearish channel’s resistance and close the daily candlestick above it, to head towards potential turn to rise, targeting 1.0950 followed by 1.1080 levels as next main stations.


Therefore, the bullish bias will be suggested in the upcoming sessions, taking into consideration that breaking 1.0855 and holding below it will stop the positive scenario and press on the price to decline again.


The expected trading range for today is between 1.0830 support and 1.0980 resistance.


The expected trend for today: Bullish

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