EURUSD reached retracement of 61.8% although it rise slowly. The EURUSD had formed a rising wedge. The price will either rise above the wedge or break below the wedge for bearish trend. However, wait for confirmation before going short. The pair had reach the resistance level of 1.3750 and is slightly down. The support is at 1.3640.
EURUSD daily show another bullish candle. The 25MA is crossing the 100MA indicating long term trend is uptrend. The support is 1.3578 and next daily resistance is at 1.38.
By The Backyard Burner
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