EUR/USD bull threat re-energizing to aim through key 1.3830/35 area
- We have stressed in recent reports that “we see growing risk for a resumption of a more bullish theme through 1.3750.”
- A probing still higher over the past 36 hours has reinforced the break above 1.3645/50 resistance to probe this a.m. above this better topping barrier.
- Above 1.3750 re-energizes bull risk to now aim through the Q4 high at 1.3830 and critical long term barrier at 1.3835, 61.8% retrace of the 2011-12 sell off.
- Above here targets 1.4000, then a key 1.4246 peak.
WHAT CHANGES THIS?
- Through 1.3625/20 eases bull risks, only below 1.3525 back to neutral; through 1.3400 re-energizes bear pressures.
Please see latest audio-visual analysis here:
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