EURUSD stays above the upward trend line on daily chart, and remains in uptrend from 1.0517.
As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 1.2000 area.
Only a clear break below the trend line support could signal completion of the uptrend.
Editor’s Note: Equity investors/traders can use the Currency Shares Euro Trust (FXE, quote) ETF to take positions in the euro without a FOREX account. The ETF looks to track the price of the euro (EURUSD), minus ETF fee. The fund seeks to reflect the price of the euro with the shares representing a cost-effective investment relative to investing in the FOREX market.
Content curiosity of FOREXCycle
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