EUR/USD returns higher after retesting the major uptrend line. The pair maintains an upside perspective after its failure to stabilize under the uptrend dynamic support.
It's traded at 1.1873 and you should pay attention to a potential move beyond the 1.19 psychological level. Another high could really signal further growth. I believe that only another drop below the uptrend line and below the 1.1752 former low could suggest selling.
- EUR/USD Trading Tips
You can go long if EUR/USD reaches 1.1910 level with a first upside goal at the 1.2000 psychological level. A breakout through this obstacle suggests a larger upward movement.
If you are a seller, please wait for a potential drop below 1.1750 - 1.1700 area before going short on this pair. A reversal corrective phase could be announced by a drop below 1.17.
