eur/usd -
EUR-USD - Euro reaction higher from 1.1785 area has violated 4-day falling resistance line near 1.1850. Bullish divergence signals on hourly studies continue to suggest bears are losing momentum and the break of 1.1875 is fairly encouraging. However, the underlying picture is still bearish while below 1.1910/15 area, so a bit of caution remains while below here as it could be that a broad range is unfolding. Over 1.1910/15 and it's 1.1930-1.1965. With this in mind fresh short plays could be attempted with stops over 1.1915.
EUR-USD - Euro reaction higher from 1.1785 area has violated 4-day falling resistance line near 1.1850. Bullish divergence signals on hourly studies continue to suggest bears are losing momentum and the break of 1.1875 is fairly encouraging. However, the underlying picture is still bearish while below 1.1910/15 area, so a bit of caution remains while below here as it could be that a broad range is unfolding. Over 1.1910/15 and it's 1.1930-1.1965. With this in mind fresh short plays could be attempted with stops over 1.1915.
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