On Thrusday after slow European session , NY session brought in some momentum to USD pairs . USD gained
some strength in early NY session but lost it gains and move as day progressed. USD seems to be weakening mode . Current price action is testing moving towards some strong support and resistancezone, Is reversal on that card , time will be tell but momentum will be key.
EUR/USD is currently moving in uptrend. Currently price is testing a short term support but retains it Bullish outlook. Looking at longer term charts indicate a stronger resistance at 1.34 level. Expect EUR/USD to bouce off the resistance and go for a corrective move.
For IntraDay traders, Sell USD with TP at near resistance levels
Sardar Uddin
TradeCuts