New Year and EUR recovering from Dec 31 drop from dble day, 1.2309-10 EBS hi
Rising-thickening daily cloud and positive momentum fighting bull's corner
Weekly action hints at a bullish continuation pattern: 1.2310 key res.
Dec 31 close below 10DMA a warning to bulls: price back above now
Bear trigger points at 1.2187, 21DMA, and 1.2130, Dec 21 hammer low
Minimum retrace of Nov/Dec 1.1602-1.2310 rally comes at 1.2143
We stand aside for now
EUR/USD daily candle chart: Click here