As of Tuesday afternoon in New York, EUR/USD has cautiously continued its bullish run after breaking decisively out above the large triangle formation that was described on Monday’s blog post. Currently, price appears poised eventually to shoot for key resistance in the 1.3250 region, which is a significant prior support and resistance level, and also coincides with a 38.2% Fibonacci retracement level.
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James,
What is your 6 month outlook on the EUR/USD based on current market conditions and recent trends?
Hello, Enquiring One!
Thanks for your question. I will be posting more updates on the technicals for EUR/USD very soon. Thanks for visiting!
James Chen