The EURUSD continued its bullish momentum last week topped at 1.1342 but still unable to stay consistently above the trend line resistance as you can see on my H1 chart below.
The bias is neutral in nearest term. Overall price is still in a bullish phase but need a clear break and consistent movement above the trend line resistance and 1.1340 to continue the bullish phase targeting 1.1500 region. On the downside, key intraday support remains around 1.1240 – 1.1200.
A clear break and daily close below that area could create a false breakout bearish scenario retesting 1.1065. My major technical outlook remains neutral.
Origin: FXOpen
