For me 1.2900 is the key short term resistance level - as long as the pair stays below this (ideally only long bearish wicks would come close) I will remain bearish.


As always check CandlePro for intraday trading opps at S/R levels and watch out for news events on the forex calendar.

Trading Idea: Moving the primary trade up a bit to 1.2880-1.2900, with short targets (from 1.2880) at 1.2855, 1.2825, 1.2800 and 1.2770 for 110 pips profit.

A bit more conservative trade would be a short in the vicinity of 1.2930 resistance with targets at 1.2905, 1.2880, 1.2850, 1.2820 for 110 pips profit.

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Source: Forex Signals - EUR/USD Resistance Holding
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