As it was posted this morning on EUR/USD H1 Update, the grey area was
the main support for bulls and after the PMI data EUR/USD fall down to
1.2975 – 1.2985 area on stopping volume ( white candle) where it has
found buyers into support: Smart Money accumulating cheap Euro that had
been sold due to the data. Then we got test the support on low volume
and immediate move up. Then any new dip has been bought (accumulation
#2) and now we are in area of resistance , where TP is taking place into
1.3020-1.3025 area.
Seb
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