We head into the close on a very firm note in EUR/USD, trading just below the trendline on the hourly charts which comes in now around the 1.3390.
The lack of any meaningful pullback this afternoon sets the stage for a test of resistance in the 1.3465/70 area early next week if we push through 1.3380/1.3400.
Shorts are nervous and bulls have the wind at their back at the moment. A slide back below the 1.3325 area is needed to relieve the upside pressure in EUR/USD near-term.
