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EUR/USD Threatens Bullish Breakout
We start the week with a bullish EUR/USD, pushing at key levels as we begin the 4/28 US session. Breakout: As you can see in the 4H eur/usd chart, the pair has been consolidating between 1.3785 and 1.3863 for the past 2 weeks since April 13. The overall market looks neutral in the 4H chart, unless you look back to February price action, in which case the market is neutral with a bullish bias. Bullish continuation: Today’s price action is threatening to extend February’s bullish price action, as EUR/USD cracks the 1.3863 resistance as well as a falling resistance going back to the 1.3966 high, which was also the ... (full story)
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