Will the EurUsd push higher?
If we analyze the longer TF charts, the pair still could try reaching new highs. But for that it must break above 1.2430 and hold there.
If that happens, we can talk about 1.26 and even higher for the pair.
But, we might have even better price buy.
As you can see on the chart below, we have 4H bullish channel. If prices reach the lower band, we will get there a bullish hidden divergence, which should provide us with good opportunity to buy. The protection will be below the support and the trend line. The target should be 1.24 again.
Keep an eye on that
Yours,
Vladimir Ribakov
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