Technical market overview:
The EUR/USD pair has violated the technical resistance at the level of 1.1249 and made a new local high at the level of 1.1274 so far. The level of 1.1249 was a tough nut the break and now it will act as technical support or the market. The next target for bulls is seen at the level of 1.1284 and the positive momentum is supporting the short-term bullish bias.
Weekly Pivot Points:
WR3 - 1.1316
WR2 - 1.1286
WR1 - 1.1248
Weekly Pivot - 1.1215
WS1 - 1.1175
WS2 - 1.1141
WS3 - 1.1100
Trading recommendations:
The trend remains bearish, so the level of 1.1284 might be a good place to re-enter the sell orders with a tight protective stop loss.
