The EUR/USD continues to hold support
International Trading
The stall on the daily chart came directly after a strong pullback on August 11, and the bulls have yet to recover. (The resistance that waits overhead can be seen clearly on the 240-minute chart.) The Channel Up pattern reversal through 1.3217-which included the sell-off from August 11-trended lower to the Autochartist Forecast area between 1.3052 and 1.2917 (F). This support level was quickly broken, and has subsequently become a resistance level that has been tested four times on the 240-minute chart.
