After a breakout had been hit into the overall trend direction (down) about two months ago, the EURUSD has not been able to continue this direction. Instead the pair traded on top of that breakout level, only to move higher towards mid of last week. Now it seems we are approaching the major resistance that EU has been respecting for more than one year now. We'll see if that level holds, or if broken, there is no more reason to look for shorts or stay short. The coming weeks should be interesting in this regard.
