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EUR/USD Technicals – S/T Bears Banished But It’s No Bullish Wonderland

From marketpulse.com

Are bulls back in play again? Despite early bearish push on Boxing Day, prices recovered rather quickly, pushing above Christmas Eve's closing level during early European hours. The rally then was was certainly inexplicable considering that all the major European trading centres are closed, and there weren't any major news being reported either. Hence, this bullish push could be classified under "holiday volatility" where price just move in seemingly random fashion without strong directional follow-through. Considering that the bullish push didn't manage to stay above 1.37 not to mention the recent swing high of ... (full story)

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