As the EUR/USD rebounded from 1.2974, it faced a cluster of resistance on Friday. These included the 200 hour simple moving average, a counter-trend trendline, 61.8% retracement (1.3188) of 1.3320-1.2974, which was also a previous resistance pivot on 2/15 . As the trading week of 2/19-2/24 starts, the EUR/USD pushes higher, breaking above the cluster of resistance factors. The RSI also kissed 70 showing bullish momentum. This should open up the bullish continuation scenario. To the upside, 1.35 would be conservative target, while the 1.3626, 61.8% retracement and declining trendline resistance cluster would be a more ... (full story)