The eurusd recently made new months high at 1.21808 and I believe that price will break this resistance and push higher. Price is currently supported by the 1.21400 key level which has acted as strong resistance in the past. We are currently in an uptrend which you can see by the trendline the price has been respecting. There is still dollar weakness as the US Dollars index failed to break the 91.00 level and is now at key level of 90.00 which I believe will break and push down further which in turn will mean a bullish move for EURUSD. Wait for the price to break through months high at 1.21808, reject it, and when you have good price action confirmation you can go long with good risk to reward. The idea becomes invalid should the price fall below 1.21400.
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price has broken through the previous month's high at 1.21808 as expected and is now making strong bullish moves.