Currency: EUR/USD
Trend Expected Direction: Uptrend
Method: Rising parallel channels.
Description: We see that the EUR/USD created a rising parallel channel , and is facing a resistance point at 1.2625 (red line) . If the EUR/USD pair breaks this resistance level , it could continue the uptrend until it reaches the upper channel line at 1.2700 first, and then 1.2750.
Action: Best action is to buy above the resistance level 1.2625 .
Target Area: First target 1.2700 , second target 1.2750
Stop Loss: 1.2510
