According to the Bullish Percentage Index developed by technical analysts at FXstreet.com, the index is continuing its way up and is at the doorsteps of the overbought territory at 70%, showing at the moment that 68.42% of the euro-based pairs are in bullish mode, on a point and figure pattern.
The cross is now up 0.45% at 1.2885 with the next resistance at 1.2909 (MA55d) followed by 1.2950 (high Nov.2) and then 1.2983 (high Nov.1).
On the flip side, a breach of 1.2827 (MA21d) would allow 1.2730 (low Nov.19) and then 1.2691 (low Nov.16).
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