The EUR/USD saw Bullish momentum last week tapping 1.1387 and hit 1.1453 early Monday.
The bias is Bullish in near term testing 1.1500. A clear break and a close above that mark may trigger more Bullish pressure to test 1.1600 next.
1st support is seen at 1.1345. A clear break below that mark could lead price to Neutral near term at 1.1300.
Overall, remain Bullish and any Southside pullback should be seen as a buying opportunity.
Monday’s range seen between 1.1345 – 1.1500.
Outlook: Bullish (Bulls in Charge)
After finding a trading system that works for you, the more cryptic and esoteric fields of study can then be incorporated into your technical and trading toolbox.The bottom line when utilizing any type of analytical method, technical or otherwise, is to hold to the basics, which are methodologies with a proven track record over a long period.
Technical analysis is a method of forecasting price movements by looking at purely market-generated data. Price data from a particular market is most commonly the type of information analyzed by a technical trader
Have a terrific week.