EURUSD is completing a tremendous upside movement over the last three days and has appreciated more than 1.4% since December 27. The new year has found the pair extending its upside pressure and opening today’s daily session with a gap up, posting an almost 4-month high at 1.2038. Also, the price opened the door for a gaining week and on the upside, the next resistance comes in at 1.2090, while on the bigger picture, we could easily see a run until the 1.2400 strong psychological level. The aforementioned obstacle is the 161.8% Fibonacci retracement level of the last big down-leg with high at 1.1615 and low at ... (full story)