Adding to EURUSD short from 1.3105
I remain short EURUSD from 1.3150, and I've since added to the position on the EURUSD's failure to break above congestion resistance in the $1.3110-1.3130 range. I like the position on a hold of Thursday's high of $1.3163, and I'm targeting a break of $1.3100.
The US Dollar remains at pivotal resistance. A break higher here (lower in the EURUSD) would suggest a EURUSD run towards January lows of $1.26 is in the cards.
--- Written by David Rodríguez, Quantitative Strategist for DailyFX.com
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