EUR/USD Uptrend Intact!
The EUR/USD pair registered a strong upwards movement but it has failed to approach and reach the 1.1100 psychological level which represents an upside target. Now, it has turned to the downside and is trading at 1.0984 at the time of writing. The 1.0971 former high represents a downside obstacle.
Besides, the uptrend line represents a downside obstacle. As long as it stays above it, the EUR/USD pair could jump higher again and could resume its uptrend.
EUR/USD Trading Conclusion!
The rate could develop a new upwards movement after reaching the 1.0971 downside obstacle.
