I think this pair is now at a critical price level... a good time for Euro bears to step in and drive it lower. However; if we see a break and retest of seen resistance zone, the bulls may be in for a pretty good ride.
The EUR$ trend is just about being defined. It would be alot more easier to upload an update for EUR$ chart after NFP. But considering price proximity to the defining trend line, i thought it just might be okay to drop this update today. This is a typical trend line retest and should be an easy trade... wait for a confirmation of bullish momentum if trend line is taken to the upside, otherwise look to take a short signal on re-test. Happy Trading!
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