FX.co ★ EUR/USD

Hello traders, regarding EURUSD, the upward trend continues to prevail. Today, buyers tested the resistance level at 1.1785, slightly surpassing it but then sharply dropping back down, forming a false breakout. The price retreated to the nearest strong support level at 1.1755, which the bears failed to break through. Now, I expect buyers to retest the 1.1785 level, and if it is breached, the path to the local resistance level at 1.1815 will open up. For now, I will continue to look for buying opportunities on EURUSD, as the bullish sentiment persists. I will only consider selling after a breakout of the upward trend line and if sellers manage to breach 1.1755 and 1.1747.