EURUSD continues to trade closer to its recent highs but has pulled back from the Friday high and this leaves resistance at 1.0595 intact, Dec 5 high. A break of this hurdle is required to confirm a resumption of the uptrend and open 1.0615, the Jun 27 high. Note that while price remains below 1.0595, a bear candle on Dec 5 - shooting star - continues to highlight a possible short-term bearish threat. A reversal would open 1.0387, the 20-day EMA.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

Edward Hardy

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

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Key S/T Resistance Remains Intact