EUR/USD consolidating just below major congestion area

Lots of dribs and drabs of resistance just above the market, starting around the 1.2815 level and extending through 1.2840.

We have trendline resistance drawn from the February highs, a top dating back to late May at 1.2825 and the 200-day moving average at 1.2840.

If lucky enough to be riding a long, not a bad place to trim positions on strength, looking to buyback on dips to the 1.2695/1.2700 area to improve the average…

Best in 2026

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