EUR/USD trading talks August 10
The euro dollar has finally decided on the direction and has already risen to 1.0360 and is steadily expanding the current corrective uptrend.
I posted o this topic before: https://luxsystem.trade/2022/08/08/euro-dollar-narrows-the-amplitude-channel/ and predicted the impulse.
1.0360 is the first key resistance level, which has become an obstacle for the growth to new highs of EMA 100 1.05225 and EMA 200 and key level 1.0800.
At the moment, the strongest breakout momentum has been completed and further correction should be expected, possibly even with a fall to 1.0300 in the short term, but nevertheless, I believe that in the long term the growth has not yet been completed and will continue at least to 1.05225. MACD on the daily chart confidently pointed to the buy scenario, as well as the absence of divergence.
