B.I.C Markets No Comments

Over the last two weeks the EUR/USD has moved in one direction… UP!

It has been hard to identify what will stop the run as several key levels were easily broken.

We now see the currency pair in a historically strong level of resistance and we expect to see this level either slow the advance or reject the upward move back to a support level.

We see the closest support level being at 1.21 and price action will need to be reviewed when back at support.