Europe & yen in fashion, EMs are not & the dollar stands in the middle

EUR/USD: A huge bullish candle flew in from left field yesterdaybreaking resistance pockets near 1.3600 and at 1.3650 likenothing. The short-term key ref at 1.3700 is now up to thetest. A convincingly bullish session/weekly close above itwould also send the Dec high of 1.3894 into the fray. Afailed attempt on the other hand would open up reneweddownside possibilities. Key near-term support is formingaround 1.3622/1.3595.

Read the full report: Technical Alert

 

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