Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

EURUSD Support Holds Strong

Support 1.2875 held strong today in the EURUSD and price pushed up modestly higher from there as a result. The trend is still down overall in the EURUSD and we can watch for price action sell signals from resistance if the market continues to rotate higher. Resistance is seen up near the 21 day EMA and 1.3135 area.