The euro creates a “V” pattern

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EURUSD

The currency pair is not slowing down its pace of growth. Unfortunately, anyone trying to catch the tops is left with a finger in their nose because the price is rising all the time and will probably continue to rise up to the level marked in the image. From a higher time frame you can see the “V” pattern which means a strong bounce with a long range. This is not a typical high volume descent, and a rebound of an even larger currency trading, but you can see relatively small corrections that show how strong the trend is. At the moment, we assume further increases, but if the price returns to the support lines, you can try to catch smaller moves in short positions.