EUR/USD Analysis

Greetings and welcome back.

Let’s pull up the EUR/USD chart.

We’re currently flirting with a major trend line and this may help signal the continuation of the bullish trend.

Right now, it does appear the bullish trend will potentially continue but is starting to fizzle out. If we can see a break above and break away from the trend line, then look for a potential move up to test the high from November 2010 – around the 1.5000 range.

Once it’s complete, look for a sharp movement down.

Good luck with trading and be sure to apply your money management and use your stops.