Resistance Now Being Challenged

Price on the EURUSD daily chart is now at the important range resistance level.

After forming an inside bar, price could not move lower and formed a bullish candlestick rejecting lower prices.

This new test of the range resistance comes off the back of a new higher low and seeing this resistance break and a new move higher would not surprise in the coming sessions.

We can now watch for a potential breakout and long trades.