EURUSD had a nice breakout yesterday and by the look of things, there seems to be no stopping it today. As can be seen from the attached hourly chart, from the round number of 1.30, the price kept on going up and up and the high for yesterday was about 1.3150 where it faced stiff resistance.
It has since dropped down a bit. From the daily chart, you can see that it is going to face strong resistance at yesterdays high of 1.3150 and then also at 1.3180. It will be interesting to see whether both these resistances are broken for today.
On the downside, we have good support at 1.3123, where we have had some nice pull back on the hourly, and then at 1.3093 and then at 1.3060.
There should be some pull back in the Euro before it starts going up again.
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