EURUSD | Bears failed 3 times, possible short term buying opps

This trade is more technically motivated (H4 chart) than fundamental. Following last Friday's NFP explosion, which influenced USD bids; EURUSD's price action declined about 180 pips +/- in a matter of hours, descending to a low of 1.0690 . Since then, bears have made a valiant attempt to move price lower only to display exhaustion during its second attempt which failed just shy of 1.0670. Attempt # 3 failed with a low that only confirmed, buyers are have gained more confidence since the bears failed 2nd attempt. We have since close above the near-term resistance following a 3 candle bullish impulsive move without follow through to the upside for the moment. At this stage, I will be looking for a bearish rotation to the downside to possibly get long near 1.0750, targeting the 1.0900 handle. *1:3RR

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