Euro started the week and the month on a bullish note. It has been rising right from the open with so far shallow pullbacks. It is back above 1.09 and approaching the declining 2014 - 2015 trendline.
Unless the pair turns sharply lower soon, the trendline will inevitably give way and this may lend bulls enough confidence to continue buying into 100 and 200 DMA. Ability to get and hold above 1.10 will be crucial though.
Unless the pair turns sharply lower soon, the trendline will inevitably give way and this may lend bulls enough confidence to continue buying into 100 and 200 DMA. Ability to get and hold above 1.10 will be crucial though.