EUR/USD Bulls Look for Breakout

EUR/USD Bulls Look for Breakout

 
EUR/USD
+0.03%

  • The EUR/USD bulls are beginning to collect bull bars over the past four trading days.
  • The bears failed to get a downside breakout on March 15th.
  • At the moment, the market is probably Always In Long and likely going higher. Traders should be prepared for a possible upside breakout of the March 15th high.
  • The bulls want a measured move up of the month-long trading range, and the bears want a failed breakout.
  • Overall, the rally is strong enough that the first reversal up will probably fail.


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