EURUSD – Potentially Building for an upside Breakout
After rejecting 3x off the key 1.3815 resistance level, the pair sold off a few hundred pips, but has since entered a structured channel. What is interesting to note is the pairs inability to gun straight for the range bottom at 1.3320, which would have been more in keeping with the larger range.
Closing bullish 4 of the last 5 days after the false break suggests the bulls may be building up positions for an upside breakout. If they can take out the 1.37 swing highs, then the key resistance at 1.3815 will be under attack.
Spot Gold – Bullish Channel & Trade Progresses
Our bullish gold trade and bias has been …