On Wednesday, the EUR/USD pair completed the gap which occurred on April 5. The price action has formed a symmetrical triangle on a 30 minute time frame. The pair is trading closer towards the upper line of this triangle, which means the upper trend is becoming stronger. The RSI is trading in line with the price action, which means the bias could be towards the upside.
EUR/USD M30" title="EUR/USD M30" width="1421" height="767">
Important Zones
Resistance Zone
1.3319-1.3282 Major
1.3198-1.3168 Minor
Support Zone
1.2969-1.2952 Minor
1.2912-1.2898 Minor
1.2865-1.2842 Major
DISCLOSURE & DISCLAIMER: The Above Is For Informational Purposes Only And Not To Be Construed As Specific Trading Advice. Responsibility For Trade Decisions Is Solely With The Reader.
by Naeem Aslam