Forex Signals - EUR/USD Uptrend Continues

Short and mid-term technical trends remain bullish as the pair has increased almost 1200 pips from its June lows! We've been cautiously buying during most of the uptrend as the long-term trend has been down.

The real question lurking on everyone's minds is what happens in the 1.31-1.32 resistance zone? Will we see the long-anticipated return to the downside or is their enough bullish momentum/risk appetite built up to carry the pair through that zone?

It is also worth noting that we haven't seen a daily close above 1.30 yet - is today the day?

Trading Idea: The primary pivot on my H4 chart is 1.2915 and I remain short term bullish above this level. My primary trade will be a long at this level with confirmation with targets at 1.2940, 1.2970, 1.30 and 1.3030 for 115 pips profit.

Secondary trade opp is a long on a sustained break above 1.3030 on hourlies charts. I anticipate there are plenty of stops in this region that could trigger a short squeeze and net some quick pips.

Finally an aggressive short would be on a sustained break below 1.2915 with targets down to 2815.

Happy pipping!

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Source: Forex Signals - EUR/USD Uptrend Continues Forex signals from: PipHut.com