Steadying for Breakout

13 ส.ค. 2016

EURUSDOn a 4 hour time frame this pair maybe readying to push higher after a week of steady gains placing it in the upper quadrant & in position to retake last weeks highs at 1.1235. Despite being unable to hold Friday's gains, this pair was dragged down due to other cross pair weakness, namely GBPUSD & AUDUSD. The Yen continues to show strength which supports the sentiment for bullish setups for the EURUSD. A weakening Yen is whats needed for a carryover of the EURUSD into higher range. Could get interesting next week.