Or will the pair make a run for the month highs….
The EURUSD is extending the trading range for the day and in the process has moved to the resistance target against the 1.0939-457 area (see earlier post). The area corresponds with swing highs going back to December 29. There were 3 looks above this high area in the month of January. Each of them failed fairly quickly. A move above would be more bullish for the pair.
Forex technical analysis: EURUSD tests resistance target. Will the sellers enter?
