The EUR/USD currency pair may rise above 1.16, according to the trend line. The uptrend is indicated also by the MACD on the daily chart. The price is above EMA50 and this is another confirmation of the uptrend in the medium term.
According to the 8 hour forex chart, the trend line indicates that the price may rise above 1.15 in order to close a gap. A triangle can also be formed at 1.15. The MACD confirms that the price will go up.
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