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EURUSD – Uptrend Still In Place But Hurdles Ahead
On our July 18th market commentary, we talked about the daily pin bar off the 20ema, and suggested looking for buys off the 1.3070/80 area. The pair pulled back into the 3080 area, then launched higher, hitting our 1.3145 target and has gained over +140 pips since, so hopefully you profited on that.
The pair is snug up against resistance at 1.3305 and has a key level above at 1.3390 so it should run into sellers soon. Bears can look to take shorts at the higher level, while bulls will take recommended pullbacks either to 1.3150, or look to the 4hr chart on any corrective pullback to the 20ema which has …... Keep reading