Technical forecast for EUR/USD

EURUSD holding resistance at 1.3120/40 but above here could allow another test of 1.3190/00 highs. Try shorts here, adding up to 1.3230 with stops above 1.3255.

We are getting overbought now in the short term. Below 1.3090 therefore risks a return to 1.3030/25 support & the chance of a low for the day. A break lower could however target last week’s low at 1.2975/55.