there was short-term bullishness, but it was not clear that it was going to last. I had no directional bias. I should have had more confidence in the bullish move, which has continued, printing new higher support levels and invalidating the resistance at 112.06. There is also a long-term bullish trend and with the European pairs looking more consolidative, this seems to be at the heart of the action in today’s Forex market. There are good reasons to be bullish, although the ADP data release later could push the price back down if the number disappoints the consensus. I have a bullish bias until that release provided the price is above 112.06. there was short-term bullishness, but it was not clear that it was going to last. I had no directional bias. I should have had more confidence in the bullish move, which has continued, printing new higher support levels and invalidating the resistance at 112.06. There is also a long-term bullish trend and with the European pairs looking more consolidative, this seems to be at the heart of the action in today’s Forex market. There are good reasons to be bullish, although the ADP data release later could push the price back down if the number disappoints the consensus. I have a bullish bias until that release provided the price is above 112.06. 