- EURUSD exhibits a bullish trend structure.
- Prices are expected to rise back to 1.07025 if the upward trend line maintains its strength above the support level of 1.05239.
- In the event that EURUSD continues to decline in line with the overall trend on a higher time frame, the condition for the upward trend to cease is any H4 closing below 1.05239. In this case, one should consider selling in line with the prevailing trend.
- Prices are expected to rise back to 1.07025 if the upward trend line maintains its strength above the support level of 1.05239.
- In the event that EURUSD continues to decline in line with the overall trend on a higher time frame, the condition for the upward trend to cease is any H4 closing below 1.05239. In this case, one should consider selling in line with the prevailing trend.