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EUR/USD: pulling-back within short-term up-trend

   
The EUR/USD pair has pulled-back within its short-term up-trend, however, I expect it to recover soon and move higher extending the established trend.

Bullish evidence on higher time-frame charts supports this view, including a two-bar reversal on the monthly chart and a double-bottom on the weekly.

As such a break above the 1.1391 highs would probably confirm a move up to the R1 monthly pivot at 1.1485.
EURUSD08

   
The EUR/USD pair has pulled-back within its short-term up-trend, however, I expect it to recover soon and move higher extending the established trend.

Bullish evidence on higher time-frame charts supports this view, including a two-bar reversal on the monthly chart and a double-bottom on the weekly.

As such a break above the 1.1391 highs would probably confirm a move up to the R1 monthly pivot at 1.1485.
EURUSD08



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