By ForexMansion.com
As mentioned yesterday, 1.40 was an area we had been waiting to see it if would give way. A break above was bullish, and a long in this pair was advised. Also as predicted, we have raced to 1.42 as it was the first sign of resistance.
For the time being, we are looking to buy the EUR/USD only. A short doesn’t even come into play until the 1.38 area is violated. We are currently suggesting longs at the 1.40 area on signs of support, or at the 1.42 area on a break out.
