eurusddaily

1.3265 was a previous low which became something of a pivot point for the EUR/USD and it is interesting to note that the market stalled ahead of this level again this week. A break above there should see an increase in momentum and a move towards the 200-day MA at 1.3545. The overall set-up on the daily chart remains bullish so buying dips is still favoured until some sign of a topping formation emerges.