The pullback continues in the EUR/USD as it edges higher back above 1.36 again in the 11/11 European trading session. The 1H chart shows the market between 38.2% retracement level and 50%. It has risen above yesterday’s high of 1.3650 to touch 1.3667. The RSI is testing 60, above which we can say the market has lost bearish momentum. Still the market is trading below the 200 period simple moving average, which is catching up with the bearish price action we had earlier in the week. Looking at the pullback, we see an important resistance cluster in the 1.3715-1.3720 area. It will be 61.8% retracemnt, and it will be ... (full story)