Friday's pullback gave us a buying opportunity in EUR/USD and I said on Sunday that the area between 1.1235-1.1270 was would be a buying area. You can see that EUR/USD dropped in the buying zone and bulls took the price higher once again.
However, as per my current observation, I can see that EUR/USD is facing some resistance at at 1.1370 area. So, if bulls can overcome this resistance and break it, then the next target for bulls would be 1.1480.
At 1.1480, I will be looking to put some sell orders.
At 1.1480, I will be looking to put some sell orders.
