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EUR/USD Bulls Look to Test Resistance

Published 03/22/2023, 09:24 AM
Updated 07/09/2023, 06:31 AM
EUR/USD
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EUR/USD Daily Chart

  • The EUR/USD is likely Always In Long following the four consecutive bull bars. The bulls want a successful breakout above the March 15 high.
  • Next, they want to reach the February 1st close. There will be some bulls that bought this close and scaled in lower. This means the market should get it at some point. However, it may pull back first.
  • Overall, the best the bears can get is likely sideways for the next few days following the four consecutive bull closes. This means traders should expect sideways up for the next few days.

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