EUR/USD: bullish moves are not over with!
Looking at the recent price development, we may observe how the 0.99 area of support has been impulsively bounced off from.
Plus, the 1.01 - 1.012 area of previous support which now acts as a level of resistance has not been re-tested yet.
Therefore, considering the above-stated facts, we believe there is more room for the price to keep rising to the upside.
Of course, the long-term sentiment remain bearish. Thus, after the short-term bullish moves are done with, we will aim for middle-term SELL positions.
Plus, the 1.01 - 1.012 area of previous support which now acts as a level of resistance has not been re-tested yet.
Therefore, considering the above-stated facts, we believe there is more room for the price to keep rising to the upside.
Of course, the long-term sentiment remain bearish. Thus, after the short-term bullish moves are done with, we will aim for middle-term SELL positions.