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The euro is trading higher for a fifth day, the longest winning streak since November. The pair closed back above 1.30 yesterday, which is quite a bullish signal. It is currently finding resistance around 1.3030, a previous level of support, which could now prompt a small retracement. The crossing of the stochastic in overbought territory on the daily chart would also support this. If the pair does pull back, it should find support around 1.30, 1.2967, 1.2944 and 1.29. In the longer term, I remain bullish, with the next major target being 1.3341, although in the shorter term, the pair should find ... (full story)
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