$EURUSD getknowtrading.com/intraday... EURUSD Yesterday’s chart analysis EURUSD after the breakout from the wedge pattern reached first strong resistance at $1.13427. Yesterday’s two strong bullish candles have drive the price very fast to the resistance level which indicates strong bullish momentum after the breakout. $1.13427 level is now confluence level of uptrend resistance line and horizontal resistance line. When the price reached the confluence level it pulled back to the first small support at $1.13049. The confluence level is a strong resistance area which has stopped the price on June 16 and on June 5. Each time the price have pulled back so it was possible that the price do the same thing. For now, the price have pulled back, but very little. Only to the first small support at $1.13049. If you read closely then you can translate this behavior as a bullish power that do not allow the price to make a strong pullback.
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