EURUSD Yesterday’s chart analysis
The price has made a new high. A $1.16178 level was reached.
Yesterday market behavior shows us that we had a small pullback to the area near $1.15343 and from there we had a strong bullish candle. That bullish move drove the price to $1.16178 level where the price found a resistance.
This scenario with the pullback to $1.15500 I have announced in G-Trader email news.
The bullish candle move was during the London and New York trading session when the European and U.S. traders were active.
After reaching new highs the price made a small pullback, but it returned to $1.16178.
(Click on image to enlarge)
EURUSD Chart Forecast
For now, the price has stalled. Strong resistance $1.16178 has stopped the price from new highs, but as we are in a bullish run we could see a move higher. Will that happen today or next week we will see.
Since breaking $1.14000 level we did not see any larger pullback so Friday as a day when the traders getting out could make that pullback.
As we can see there are no bearish candles that could point stronger bearish move, but today can happen anything.
Usually, I am staying outside on Friday to avoid losses due to unusual market behavior.
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