7 May 2015
EUR/USD: Next leg likely bullish - 2ndSkies
FXStreet (Bali) - According to Chris Capre, Founder at 2ndSkies, price action suggests the next leg in EUR/USD is likely bullish.
Key Quotes
"Today the pair broke through this key resistance level with strength, and this suggests the next leg is likely bullish, further supported by the small consolidation at the top of the day's highs."
"Weak pullbacks towards 1.1275 are likely, but am expecting bids to maintain control and push for 1.1445. Only a daily close below 1.1075 negates my bullish bias."
Key Quotes
"Today the pair broke through this key resistance level with strength, and this suggests the next leg is likely bullish, further supported by the small consolidation at the top of the day's highs."
"Weak pullbacks towards 1.1275 are likely, but am expecting bids to maintain control and push for 1.1445. Only a daily close below 1.1075 negates my bullish bias."