Currently, a slight pullback drove prices around 1.1320-1.1330 but this might not be the end of the bullish run as bulls might attempt to push prices above first resistance found in 1.1350. As we saw earlier, price already visited this level and retreated. If this level is not broken then we can expect prices to fall below 1.1240.
Have in mind that tomorrow we have important data from both the EU and the US and these news are going to impact the pair.
Chart: EUR/USD H4
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ReplyDeleteIt looks like there is no food for the Bears.
ReplyDeleteThe pair seems unstoppable.
ReplyDeleteGreat analysis!
ReplyDeleteIt bounced off 1.1370, but I think it will break above that level soon and reach 1.1400.
ReplyDeleteVery informative article, thanks for sharing!
ReplyDeleteEur/Usd hit today low.
ReplyDeleteInteresting analysis, thank you.
ReplyDeleteIt can be only a correction.
ReplyDeleteVery helpful and insightful analysis, excellent.
ReplyDelete