EUR/USD Trend factor
The EUR is climbing towards teh dollar and that too at a very fast rate. the recent ceiling achieved in August which was at 1.3334 has been broken by now. The uptrend of these two currencies have in turn proved the bullishness of the market. The area of resistance between these two currencies have broken down and it has been reached between 1.3097 and 1.3426. However, this area has now become a kind of potential support on the pullback. There is a continuous fight between the value of the two currencies and as a result of this, the testing resistance seems to be at 1.3500 and in all, the USD seems to be sinking in.
There seems to be a genuine trend in the EUR/USD trading. Euro seems to be climbing up the chart while at the same time USD seems to be sinking down and this is a matter of great concern in the current times. The testing resistance between the two currencies has turned into a matter of great concern in the recent weeks.