EUR/USD, the price failed to close below (1.0953), which was the key support. This confirms that the trend is bullish and pair should be ready for a strong rally up now. Only a daily close below a low hit on July 7(1.0912) would most definitely change the trend. But for now, the market shows the green light for bulls.

By Theodoros  Batsoulis
Technical Analyst
Risk Market
www.riskmarket.co.uk