The EURUSD moved higher into last week’s close and we can see that near-term momentum has been bullish in this market. We would note that price has stayed contained below near-term resistance around 1.3020 but we could see the market push above that level and re-test the key resistance near 1.3150 if it remains buoyant this week. Traders can watch for price action trading buy signals if price rotates down towards 1.2875 support which is the low of last Wednesday’s pin bar setup as well as an ‘event area‘.
credit : Forex Trading Commentary by Nial Fuller
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