EUR/USD – Attack on 1.1445 Seems Likely (4 hour chart)
After selling off impulsively late last week, the euro has rebounded strongly over the last few days and continues to build a series of higher lows over the medium term.
Notice how there was no follow through selling after the large red bar from Friday.
For now, I’m neutral to slightly bullish, and sensing an attack on 1.1445 is likely this week.
This will be the next place the bears will consider entering, so may provide a decent rejection. A daily close above here means the medium term trend has shifted to largely bullish.
