EUR/USD absorbed much of the selling around the 1.3300 level but so far the rally is taking a breather. Should we establish our footing above the 1.3300 level, there is good resistance between 1.3320 and 30.
Given the inability of EUR bears to push prices through the support in the 1.3165/85 area in recent sessions, a squeeze toward 1.3400/40 seems likely to me.
What can’t go down must go up is my simple logic…
