EURUSD, H4 EU on the 4H chart broke through resistance in the | A1 Trading Forex Analysis

EURUSD, H4

EU on the 4H chart broke through resistance in the low 1.2000s and closed above the 200 SMA to find new support. French and German PMI data reported this morning with mixed results as usual, but it was enough to send price higher for the day. The pair has now reached what seems to be its last level of key resistance for a while as it consolidates between the moving average and the double top.

- Frank