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• EUR/USD Bulls Attack a Pivotal Area in The Short-term

  
  
  
  
  Consolidation: After falling to 1.33 and cracking it last week, EUR/USD has been resilient, holding above the 1.33 handle this week so far. At the moment, we can consider this consolidation as the prevailing bearish bias still remains in the 1H chart. However the rally this week is testing a pivot area in the short-term above which the bearish outlook could be neutralized. Resistance: The 1.3440-1.3460 area is a previous support area that has turned into resistance against the current bullish correction period that really started last Thursday, after the ECB/US GDP data reaction. Also, note the 200-hour .
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