I remain bullish
longer term on EURUSD
. However, I think it has pulled back sharply so far from recent high and could be presenting a relatively low risk long entry. A break above 1.3150 would be a confirmation. Likewise a failure below the rising lower parallel of the pitchfork
could call in to question of the overall trend, which might continue to range for a while.
Take note of co-related EURUSD
chart I will post below