As seen in the daily chart
has been bullish
in spite of recent favourable USD news. Will EURUSD
break the 1.39000 and keep the uptrend, or bounce off of it and return towards 1.38000? I think the bullish trend
will not stop and at end of this month close even higher than at the beginning. For now, I would see a bounce off the major resistance line "1", heading downwards for another test and also completion of the ascending triangle
formation and then heading upwards towards even higher highs. The current trend is not that strong for an immediate breakout on the upside, with the RSI
showing a possible slowdown of the bulls.