03/10/10 6:33 am - EURUSD: Upside pressure short term
Rebound and consolidation above the hourly EMA10 signals further gains in the near term. Hourly RSI is bullish and has room for further gains. 1.3630..55 is a pretty strong resistance zone and we may see gains capped by 1.3655. But hard to tell where price will go from here, we may continue to trade in the 1.35..1.37 zone for another day.
My short got stopped out this morning for a 30 point loss. I’m looking to reset it on a failure to take out 1.3655. Long term bias still bearish.
Support: 1.3550 Fibo62 1.3530 HSpptRsst 1.3460 Sppt
Resistance: 1.3653 HSpptRsst 1.3690 HSpptRsst 1.3735 H-3-3
RSI: Hrly: bullish, Dly: slightly bullish, broke above decl. TL resistance





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