• EURUSD: Big Week Ahead for Buyers


    On Tuesday I wrote how the EURUSD might be on its way to test the 1.1340/50 resistance area. Fridays session did just that. EURUSD reached a session high of 1.1344 today before running into sellers. However, a look at the daily time frame shows how our trend line resistance didnt quite come under pressure this week. I wasnt expecting buyers to reclaim lost ground as fast as they did. That means the trend line lies just above Fridays high. But that also means next week may present a pivotal moment between buyers and sellers. In case youre new here, be sure to review my March 12th post to see why this resistance level ... (full story)