- The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- Price broke through the MVP line and rushed up. We consider this a sign for further EURUSD price increase.
- The first target is at the level of the previous peak - 1.164, and the second one, in case of an active price increase, is at the level - 1.1655
Chart & Analyst Comments