© Dukascopy Bank SA
At the moment the currency couple is sitting close to a six-month high of 0.8422 it reached Jul 4 and given that the instrument got a strong bullish momentum after testing the lower boundary of the channel several hours earlier, the pair may not only re-approach the recent high but also surpass this formidable resistance in the hours to come. Meanwhile, technical indicators are neutral for the short and medium terms but sends a clear bullish signal for the long-term.
© Dukascopy Bank SA