Chart in Focus: Daily EURUSD
The EURUSD has found support off 1.2175 - 1.2200 area recently, forming three pin bar setups showing rejection of this support over the last three days. If price can break above near-term resistance near 1.2315 we could see a larger push up into key resistance near 1.2435 area. Alternatively, we could see more consolidation between 1.2315 - 1.2175 if price cannot get any traction to the upside.
The EURUSD has found support off 1.2175 - 1.2200 area recently, forming three pin bar setups showing rejection of this support over the last three days. If price can break above near-term resistance near 1.2315 we could see a larger push up into key resistance near 1.2435 area. Alternatively, we could see more consolidation between 1.2315 - 1.2175 if price cannot get any traction to the upside.
