EUR/USD: Bullish. Approaching major resistance at 1.1270, clear break would signal mid to long-term bottom is in place. EUR/USD rallied strongly this week and the up-move is quickly approaching the major mid to long-term resistance at 1.1270. This level is the middle of the weekly trading envelope and if EUR can close above this level by end of today’s NY session, it will be the first time it has done so since October 2014. The middle of the envelope was tested in August last year (just above 1.1710) but the closing was below this crucial level. A clear break above this level would be a strong signal that EUR has ... (full story)