Big news (technically) for EUR/USD

EURU/USD trading at 1.1744 right now breaking above major resistance levels. A daily close above 1.1730 and higher will be good news for the pair.

With price making higher highs and higher lows trend remains bullish.

As long as price is above 1.1650 I feel confident that we are going to see 1.18-1.19 next week.

Price is not only breaking above August highs, but is also breaking the resistance trend line from June.

The Dollar index has broken its H&S neckline….this is a bearish sign for the index.

For more live analysis follow me on twitter (@alexanderyf)….thank you for  taking the time to catch up on my thinking….

 

take care

 

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