Technician

EURUSD: Intraday Technical Strategy

FX:EURUSD   Euro / U.S. Dollar
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Update: We witnessed a new bearish attempt towards 1.3720-1.3710 support during the European session, but price failed again to break it, rebounding and breaking 1.3765 resistance. That enhances the short term technical picture, and could extend the upside further. Intraday bias turns bullish now as I mentioned in earlier update that taking that resistance at 1.3765 will probably extend the rebound to the descending resistance(red) followed by 1.3845 level for now. Bias is bullish as long as above 1.3750.

My short trade setup is still active for the second half target..

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