EUR/USD, the market has digested the hawkish news released by the Fed. Yesterday’s close and above the resistance level, indicating that the upper resistance level has been successfully broken. The Ichimoku indicator encounter line has successfully broken above, indicating that bears have turned into bulls. The Parabolic SAR is very far from the price, indicating that the trend is still in favor of the bulls. The MACD indicator’s long trading volume has also been completely greater than the short trading volume.
An uptrend line on the H1 chart has formed and the trend line is very solid. The price has now touched the trend line and is suitable for further longs.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
