In the weekly forecast, I discussed the possibility of a higher EUR. The condition for that being that 1.12150 and bull flag resistance must hold upon retest. So far things have played out beautifully and will most likely continue to do so.
The tug war between bears and bulls ended yesterday in my opinion. Not only did the EUR clear 1.1250/1.2155 confluence of resistance it did so with a pin bar.
1.2350 is resistance while 1.2132/1.2150/1.1261 remains the confluence of support.
By: Chijioke Maduakor
