Breakout, throwback, speedline: EUR/USD broke above 1.3343 on 8/7 and almost tagged 1.34 on 8/8 before retreating during the 8/9 Friday session. The 4H chart shows a market that has come back to test a rising speedline that’s coming up from August’s low. A holding here keeps a bullish outlook intact, back toward 1.34, and the 1.3415 resistance pivot and June high. Above 1.3415, the next resistance is at the 1.35 handle up to a 1.3518 pivot. Breakdown scenario: A break below the August speedline might neutralize the immediate bullish outlook, but the bullish outlook from July’s low of 1.2754 is intact at least until a ... (full story)