EURUSD – Still Bullish – Needing Fresh Momentum
Gaining for 6 of the last 8 days, the bull trend continues for the Euro. However, the momentum has been weak as of the last 3 days only gaining 30 pips over that time on a closing basis. Most of the gains over this last 8 day run has been over two days, being responsible for 230 pips of the last 300. Price is sitting just below key multi-year resistance at 1.3833. Bulls can either look for corrective pullbacks towards 1.3700 to get long, or on a breakout pullback setup above 1.3833 likely added fresh buyers to the uptrend which is looking quite mature.
GBPUSD – 100 Pip Range at Key Resistance…... Keep reading