Hi traders!

Looking at the EURUSD pair on the daily time frame, we see the pair reacting to the 15 ema yesterday. Past price behaviour in the past have shown that the 15 ema provides some support and bounces to the upside have been observed.

Since we are at the 15 ema right now, some trend following traders would be buying here and expecting further upside. The bears I believe will only come in after the price has broken convincingly below the 15 ema.

More buyers are expected to come in at the 23.6 Fib level, around the 1.3584 price level.

Lets see how the pair closes today at NY close.

Till then.

~ Ardy