EURUSD: Bullish, Sets Up For More Upside

Trading Discussion News and Economy
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EURUSD: With EUR building on its Monday rally, the risk is for it to recapture the 1.3138 level. A cut through here will pave the way for a run at the 1.3177 level. Further out, resistance resides at the 1.3200 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support comes in at the 1.3000 level where a breach will turn focus to the 1.2900 level and then the 1.2822 level. Further down, support lies at the 1.2660/25 levels. All in all, EUR continues to retain its broader upside bias.

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Heads and shoulders pattern seemed not to work out on this one. i think the fundamentals *(especially the much-awaited FOMC statement) will determine the next direction. Hey traders… pay more attention to fundamentals.

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massive resistance at 1.312, i have a entry position set to short, this is just too good of a chance to miss out