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EUR/USD Clearing 1.30 and now 1.31; Eyes 1.3270
After briefly holding under 1.30 during late 9/13 US trading, the EUR/USD continued to surge higher through the 9/14 Asian-European session and into the subsequent US session. It is now cracking the 1.31 handle. The question now is where might this rally finally take a break. We can probably expect some slow down as we get close to the next half and whole intervals like 1.3150, and 1.32, but a bullish market will now probably hold above 1.30 (given some elbow space around it). Trendline resistance: The next major resistance is near 1.3270. This was a previous resistance pivot on 4/29 that was followed by a sharp ... (full story)
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