The euro has moved to its highest trading level against the US dollar since the last ECB meeting, with the EURUSD pair hitting a fresh weekly trading above the key 1.1700 level.
Yesterday EURUSD buyers gained control of the pair, as they moved price well above the former weekly trading-high, of 1.1674
Technical indicators continue to call for further upside in ...
I just got stopped out on the recent Bearish engulfing. There's significant rejection of the 20 SMA but I don't like the look of the opposing wick on the current Bullish candle so I will wait for further action before taking any positions.
Similar to EURJPY. Currently at a resistance level, so watch for some candlestick patterns to form here. Failing this, we may head up to the higher resistance area, take out the stop orders from trader's holding sell positions and then maybe get some Bearish evidence to get short.