EUR/scandies are moving higher
EUR/USD: The euro fought back better than thought yesterday and spent most part of the session in a 1.2875-1.2920 interval during the European session and was allowed a high session New York close. This puts forward another alternative where the pair keeps ranging/correction in a bearish “Flag” or “Triangle” (not breaking 1.3033) before heading south. 1.2740 & 1.2661 remains two critical points south of here. Resistance: 1.2920, 1.2957, 1.2998, 1.2923, 1.3033. Support: 1.2875, 1.2821, 1.2796, 1.2740, 1.2661.
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