“The EUR/USD responded at trendline support beneath 1.3500 and the aggressive impulsive bullish count is valid above 1.3403. Look higher. Potential resistance before Friday’s high comes in from the 61.8% retracement of the decline at 1.3613”, underlines J.Saettele, Senior Technical Strategist at DailyFX.
At the moment, the pair is up 0.55% at 1.3589 with the next resistance at 1.3660 (high Feb.4) ahead of 1.3664 (Upper Bollinger).
On the downside, a breach of 1.3415 (low Jan.29) would open the door to 1.3377 (MA21d).