FX.co ★ EURUSD rejected once again at 1.0285.

Green line -horizontal resistance

EURUSD is trading around 1.0235. Near term trend remains bullish but price recently got rejected once it reached the horizontal resistance of 1.0285. EURUSD has been rejected at this resistance three times so far. I do not expect to see a fourth time. Either EURUSD will next time break above it and move towards 1.0350-1.04 or we will see a new move lower towards parity, starting by a break below support of 1.01.