Forex Trader

The bulls are holding the pair under control between 1.1380 and 1.1420 for the last 6 hours. After weaker US CPI the pair tried to brake true and reach 1.1450/60, but it didn’t manage. As I wrote, the previous strong resistance now support at 1.1380 is holding on the way down, 1.1330/40 is next support if the pair retreat back. On the way up, 1.1420 is first resistance, 1.1450/60 is waiting for the bulls! Can they reach this? They wan’t to take it, there is no doubt about that!