Attached is the 1H chart for EURUSD. This pair has been showing some amazing strength for the past few weeks and we can see that this pair just does not seem to want to go down. All dips in the price have been just retracements and they have been bought by buyers who have just used the dips to buy at lower prices. This pair has not rarely gone down below 1.38 over the last few weeks and this looks good for more.
As for yesterday, again we had a nice retracement and then the price has again come right back up. The bullish pin bar at the bottom of the retracement was a good indication that the price was going to reverse and move back up, which it did. I would expect more upside today.
On the downside, there is good support at 1.4088 and this support has not been broken for the past few hours. If this support does get broken, then we should be going down to 1.4050 and then to 1.4000.
On the upside, there is resistance at 1.4160 and then at 1.4220 and then a major resistance at 1.4343 where we can see the previous top.
For today, 1.4088 would be crucial. If this is broken, then it would be a bearish day and we will be going down today else if this is not broken cleanly, we should be moving up.
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