EURUSD Closing in on the 1.4400 Resistance

EURUSD is closing in on the 1.4400 resistance we have marked on our charts; at that point we will have to pay close attention to the way price action develops, perhaps looking at the smaller timeframes and see wether this area has what it takes to keep the pair under pressure. A break above will have an innitial target of 1.4575, although a small break-retest pattern would reinforce the bullish bias and give a second entry opportunity.

EURUSD is closing in on the 1.4400 resistance we have marked on our charts; at that point we will have to pay close attention to the way price action develops, perhaps looking at the smaller timeframes and see wether this area has what it takes to keep the pair under pressure. A break above will have an innitial target of 1.4575, although a small break-retest pattern would reinforce the bullish bias and give a second entry opportunity.

 

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