Quoting monarchDislikedNorthpro
Looking at the Daily charts you can see that the EUR has not closed above the R2 Weekly 1.2937 all year.
It has risen past this area for just the 6th time so far this year.
But in all cases the close of each of these candles were below the 1.2937 mark.
The candle that is forming now is bumping and trying to pass the 1.2937 area, but we should watch with expectation to see if it will close above this strong resistance.
By 2pm (California time) today, we will see if it will once again bump it's head at this R2, or actually pass it towards a new high?
MonarchIgnored
By the way, welcome home from your vacation.
NP