Looking at the last 48 hours in the EUR/USD pair, you can see that we are hovering around the 1.39 handle, and trying to decide if we are going to retest 1.38 as support, or make another run at 1.40 for a potential breakout.
Until this is done, there will be no clear direction for this pair. A break over the 1.40 area on a daily close would signal a continuation of the latest bull run. A break below 1.38 would send this pair down towards 1.3450. And supportive action at 1.38 could show another attempt at clearing 1.40 is in the plans.
Â
