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EUR/USD showing signs of a resurgence
EUR/USD managed to break into a new intraday high yesterday, with the subsequent pullback forming a bullish wedge. With the price now breaking through the top end of that wedge, the expectation is that we will see a resurgence for the pair. This conforms to the wider picture of higher lows on the daily four-hour charts.
A break below $1.0620 would negate that trend, yet for now it seems like we could be moving into a more bullish stage. Watch out for $1.0705 or $1.0714 as the key near-term resistance zones.
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