EURUSD is probably ready for a whole new wave of a bullish run after gaining stronger ground from last week.
The market has broken out from a retracement channel and the price has also resurfaced above all moving averages, as well as an important pivoting level at 1.1750.
The MACD is also showing a returning bull and the line is about to cross above level zero which indicates a sustainable bullish trend.
This week, we expect EURUSD to climb further and traders may wait for a pullback towards 1.1790 to long.
The market has broken out from a retracement channel and the price has also resurfaced above all moving averages, as well as an important pivoting level at 1.1750.
The MACD is also showing a returning bull and the line is about to cross above level zero which indicates a sustainable bullish trend.
This week, we expect EURUSD to climb further and traders may wait for a pullback towards 1.1790 to long.
