OANDA:EURUSD   Euro / U.S. Dollar
Here is an analysis on EUR/USD

In our previous analysis the pair was trading @ 1.19130
We did note that if the pair breaks above resistance @ 1.19300
it might attempt to test 1.20, and this is what happened

Currently trading @ 1.19750
Bearish Harmonic has extended to resistance @ 1.20 signaling possible reversal
But as long as the DXY is bearish this might just be a retracement and not a reversal.
According to our chart DXY might still fall to next support @ 91.330 so EUR might be still bullish
The pair is still trading within its ascending channel .
If the pair breaks above 1.20 then it might attempt to hit next resistance @ 1.20800-1.20500
But if it fails & DXY becomes bullish we expect it to fall back to 1.19300
Sell entries will not be advised at this moment


link to our previous Analysis below

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