Last week we had a hidden bullish divergence on both, EU and GU, but after a dip we ended up where we started. We got rid of some weak bulls…and now the hidden divergence turned into a regular bullish divergence. There are no fundamentals to support dollar until thursday/friday, when we have inflation news, so EU/GU bulls might want to try to break some resistance barriers until then. There is an important resistance of 1050 on EU, which if broken, could turn into new support for bulls. EURCHF is also in a good buy area, long term, which helps the euro case, too.
