?Watch for an opportunity to go long near either bullish trend line,? says Bradley W. Gareiss, Technical Analyst at GFT. ?EUR/USD has fallen below the bullish trend line on the 8hr Chart. However, it is still possible the pair could quickly rally and the trend line could hold. If the pair continues to drop, then we will have to start from scratch on the 8hr Chart, although the bullish trend line on the Weekly Chart would still be intact.?
As Sean Lee, Editor at ForexLive observes, ?The slow stochastics on my short term charts were at extremely low levels this morning so I guess it's no surprise to see a slow bounce happening in early Asia. I've got hourly resistance coming in around 1.4310 and without any surge in momentum, I doubt if the market will be able to get much above there.?
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