FX.co ★ Game of Life: Visionary Insights into the Forex Market!

Hello traders and may your trading be profitable! The EUR/USD pair seems to have paused in anticipation of future events and is reluctant to show a significant pullback to the south. After rising from 1.1530, a retracement down to the support at 1.1582 is necessary before the price continues its upward movement. This retracement from the current level of 1.1692 will exceed the figure of the previous run. It appears that the need for such a retracement is being eliminated by horizontal trading. On an hourly scale, as long as the price for the EUR/USD pair remains above the support level of 1.1681, the priority is for further upward movement towards the target at 1.1816. Achieving this target will be another confirmation that we have been trading within the range of 1.1500 - 1.1800 for over half a year, with false breakouts beyond its boundaries.