If you are not as bullish on the USD this could be nice trade this week
If we close below 82 price is going in longer term consolidation until then we can look for bullish setups.
Be careful possible pullback, perhaps it will be nice trade next week.
We are at important resistance level we also have trendline from previous spike highs. However it's a risky trade EUR has significant inflows of capital from big boys. It's a good risk reward trade.
Lower high lower low and price is at 50% retracement. Fundamentals are still bad massive oversupply. www.bloomberg.com Since last week there are two oil rigs in USA less after 509 became operational this year. phx.corporate-ir.net Also the dollar is looking to go up, if oil has problem in week USD environment i'm interested to see how its handling more expensive...