EUR/USD Technical Analysis 29 April ,2015
Source: ACFX Forex Broker (acfx Review)
Tuesday EURUSD continued to rally and has now traded up to a major down channel top.
The question is can EURUSD breach this and the 1.1000 level or will sellers come into the market and push the price action lower.
This morning I am monitoring the price action for a test of the channel top.
Alternatively a failure to sustain a move above this level could see EURUSD trade back down to the 1.0900 support level.
From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0850 level.
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