EUR/USD still at 1.42

Hi all,

interesting week at how we never leave much of the 1.42 region.

Folks may be wondering, we did !! It was almost 1.43 at times.

A gentle reminder will be resistances and supports are never a single pip.

I prefer to see them as regions.

To me, 1.42 remains strong. It is rather apparent that the market feels the current region of price is just about right. It is reflected in oil and S & P 500 too.

On a side note, remember i mentioned about the upper trend line being a possible support? It did. Look at my picture below :)