EURUSD at Major Resistance Dating back years.

Check out Dollar Index correlation and any fresh data and interest rates out the US that facilitate a strong dollar for this to pay out. So far, the indications point to the EURUSD maintaining resistance at the top of the channel here.

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We are still seeing consolidation at the resistance level in the EUR and there is now a bigger case that the USD will weaken against the EUR. I am now changing the bias of the EUR to an upside break out of the long term resistance. I will be playing long on dips in the EUR. Please stay tuned for futher idea videos regarding this development.