In the last commentary I ran on the euro on July 18, I did mention that the pair was yet bullish, despite trading deep into its supply zone (Resistance). The outcome has been the continued dominance of the bulls over the bears, however, after the pair failed to trade significantly higher from the previous days high, I would recommend a scaling out of long entries. The bullish bias remain and re-entries could be sort on retracements back into its demand zone as indicated above.
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