Traders holding long positions on EUR/USD can be very happy with their recent decisions. Bears cannot pick themselves up and are unable to start any counter attack on the recent upswing. Yesterday, for most of the day the price was around the 1.32 support and above the mid-term trend line (blue). The uptrend was successfully defended by buyers which allowed them to attack the resistance around 1.3290, which was created by the maximums from Thursday and Friday.
The scenario stays positive and will be good for buyers as long as the price stays above the 1.32 level. An attack on 1.3290 and 1.33 seems more likely. A bigger bearish correction might start as soon as the price breaks the blue trend line and the 1.32 support.