Technical analysis of EUR/USD 01/05/2022

The EUR/USD currency pair found support at the level of 1.1180 and is currently correcting within the ascending channel around 1.1300.

(MA100) broke from below (MA200) on the (4H) chart, which suggests that the pair will continue to rise to the 1.1400 area.

Cancellation of the option for the development of an upward correction will be a decline in quotations below the minimum of 1.1180.

EURUSD_STPH4

Created by Joshua Hayn

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