EUR/USD knocks on the door of another push above 1.0500 ...Middle East

The 1.0500 mark has already proven to be a stubborn resistance point for EUR/USD since the turn of the year. And now we have the key technical level above to add to that. The dam keeps holding price action down but is it finally time for buyers to break it down?

Going back to EUR/USD, the pair is looking to capitalise on this bout of dollar softness at least. A technical breakout above the key levels highlighted there could really see the pair go running up quickly right after. So, just be wary of that.

This article was written by Justin Low at www.forexlive.com.

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