EURUSD – Dynamic Support Holding, Key Resistance Ahead | Jul 28

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EURUSD – Dynamic Support Holding, Key Resistance Ahead (4hr chart)
After bouncing off the range support around the 1.08 handle, the Euro has been in ST bullish mode gaining a few cents over the last several days.

Notice how the 20 EMA and dynamic support is holding with each bounce producing a new high. If the pattern holds, the recent weekly highs should be taken out with an attack on 1.1195 up next.

Bulls should likely take profits here while some offers getting into the market, so would expect a pullback here, thus more range price action. Staying bullish ST while MT neutral/range bias.


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