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EUR/USD Building Bullish Bias; 1.33 is Resistance Above 1.3225
The EUR/USD found support at the 1.31 level. There was an initial break of a very short-term trendline, after which the market failed to sustain the break and rallied. The chart above shows an adjusted trendline connecting to low near 1.31. Now in the 4/24 European- US trading session, the market appears to have established another support pivot at 1.3150. With the EUR/USD now pushing toward 1.32, the market is building some bullish bias in the short-term with upside risk toward 1.33, if it can clear the 1.3225 high from the previous week. Looking at the 4H EUR/USD chart, the market will meet a declining trendline at ... (full story)
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