– EUR/USD bears tried to form a credible wedge bear flag, with yesterday being a bear inside bar, but they failed, and yesterday’s bar got too big, making it a weaker sell.
– The bulls want an upside breakout here and a measuring move up of the past two-week trading range.
– The market is trying to bottom at 1.000, a big round number, and is beginning to develop good buying pressure, which is good for the bulls.
– Overall, the market will probably go sideways to up soon, and the market will test the middle of the July-August trading range soon.
