After an extremely quiet day, the EUR/USD woke up in the US session, on hopes fiscal cliff is going to be avoided. Stocks soared after latest market talks, and so does EUR/USD that trades above 1.3220 already with a strong upward momentum. With not much in the middle, the rally may extend now towards next strong resistance around 1.3280, past Aprl 30th high. A daily close above, will likely open doors for another 100 pips gain, targeting 1.3385 area, March highs.
Pullbacks will be seen as buying opportunities, and a reversal is now out of the picture, as price needs to fall at least below 1.2970 to start considering a top has been made. Short term supports now come at 1.3210, and 1.3180 price zone.
Pullbacks will be seen as buying opportunities, and a reversal is now out of the picture, as price needs to fall at least below 1.2970 to start considering a top has been made. Short term supports now come at 1.3210, and 1.3180 price zone.
