By: Greg Michalowski
The EURUSD is ticking higher and has moved toward intraday resistance. The 1.2441 has been breached by a tick or two, the 100 bar MA is at the same area The market continues to hold on to the downside bias (sellers in control still) but at the risk of being redundant, the 1.2406-09 is the next target below that should give shorts more satisfaction. This was the low from June 5th.
The EURUSD is ticking higher and has moved toward intraday resistance. The 1.2441 has been breached by a tick or two, the 100 bar MA is at the same area The market continues to hold on to the downside bias (sellers in control still) but at the risk of being redundant, the 1.2406-09 is the next target below that should give shorts more satisfaction. This was the low from June 5th.
