After 2 days of struggles between bullish and bearish momentum, the EUR/USD manages to push up towards the 1.4200ish area.
This places it back to the daily trendline i talked about previous.
With regards to the old trendline from April 09, it served as a support for the past few days.
I will be watching the equity markets for positive sentiments and increased risk taking.
With it, i will be positioning for a long back to the upper trendline.
Obstructions above will definitely include 1.4400.
If bearish momentum picks up, i expect the 1.4200 line and the previous 2 trendlines as first line defenses.
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