EURUSD, “Euro vs US Dollar”
EURUSD quotes have broken above the 200-day Moving Average on D1, indicating the potential development of an uptrend. The RSI has surpassed the resistance line. In this situation, the price is expected to rise further to 6/8 (1.0986). The scenario might be cancelled by a breakout of the 5/8 (1.0864) level, pushing the pair down to the 4/8 (1.0772) support level.
On M15, the upper line of the VoltyChannel is broken, which increases the probability of a price rise.
Origin: RoboForex
