EURUSD techs – something for everyone

From tradingfloor.com

The EURUSD chart has a number of technical features of interest. The simplest and most compelling conclusion we can draw at the moment is that the move back above the key short term resistance in the 1.2800/25 zone (particularly the much-contested 200-day moving average) was critical and puts a major support in place and keeps the focus on the old range above that area - with 1.3000 as psychological overhead tactical resistance and the descending trendline (currently around 1.3100) as the next major area of resistance. Another possible tactical support level is somewhat higher at the old rising line of consolidation ... (full story)