Eur/usd

[عماد]

8 month range being threatened
The monthly chart shows the sideways trade that has been in place ever since Euro/$ was unable to hurdle 1.30 back in February. Now that the range top (1.2450) is being pressured, some resistance is expected on an inclining basis, but back-to-back daily closings above 1.2450 would expect a continued run-up in the short-term.