EUR/USD 1.0599 Key Upside Obstacle!
The EUR/USD pair is located at 1.0569 at the time of writing. As you can see on the H1 chart, the rate came back above the downtrend line signaling that the downside movement could be over.
Stabilizing above the downtrend line may announce a potential upside reversal. Still, the former high of 1.0599 represents a key obstacle.
EUR/USD Trading Conclusion!
Jumping and stabilizing above 1.0599 activates a larger growth. This could represent a buying opportunity.
