EURUSD bulls once again tested the confluence of resistance last week but were unable to break through. The area lies between 1.1430 and 1.1450 and is the intersection of horizontal resistance and the trend line from the August 2015 high. Thursday’s rally triggered the second retest of this resistance area. For now, sellers are holding their ground, but we’ll have to see if they can do it a third time in the week ahead. Key support comes in at 1.1250/80 which includes recent highs in May and June. I’ll remain cautiously bullish as long as the 1.1250/80 holds as support on a daily closing basis. If the area breaks ... (full story)