EURUSD exceeds the first targe

5月16日

Hello everyone,

EURUSD 4H NEW FORECAST

The EURUSD maintains its bullish momentum, The price of the euro against the dollar continued to rise yesterday, breaching the 1.0875 level and closing the daily candle above it, reinforcing expectations of a continuation of the upward trend during the coming sessions, paving the way for a move towards 1.0902 and 1.0931 , which represents our next main target.

The ascending channel carries the price to achieve more expected gains in the immediate and short term, keeping in mind that breaking 1.0875 will stop the proposed rise and put pressure on the price to turn lower.

Pivot Line : 1.0875
Resistance Line : 1.902, 1.0931 , 1.0960
Support Line : 1.0845, 1.0820, 1.0796