I ended last week with a post about the indecisive EURUSD.
As uneventful as the last few months have been, this week could hold the key to a significant moment for the single currency.
As of Fridays close, EURUSD is only 30 pips below a critical resistance level.
Ive written about this falling wedge several times in recent weeks including last Tuesday, March the 12th.
As long as this resistance level is intact on a daily closing basis, sellers are in control.
However, if euro bulls manage a daily close above wedge resistance near 1.1340/50 this week, we will likely see the EURUSD turn higher.
Just remember, … (full story)