FX.co ★ Comprehensive Analysis in Trading: Mastering Methodologies

There is a noticeable increase in activity in the second half of the American session on the EUR/USD chart. The price is actively rising against the backdrop of news that Israel and Lebanon have also started peace talks. At the moment, we are trading near yesterday's high of 1.1720, from where a correction began. I am expecting a continuation of the uptrend towards the resistance at 1.1740. From there, I anticipate a possible corrective pullback downwards, but ultimately expect a continuation of the uptrend towards 1.1780-1.1810. There is a wide resistance zone there, which makes selling the pair interesting. We didn't get a significant pullback today to enter long positions, as the price immediately started rising.