The EURUSD was indecisive yesterday. The bias remains neutral in nearest term, but we have a potential false breakout bearish scenario as you can see on my H1 chart below especially if price able to make a clear break and daily close below 1.1200 retesting 1.1065 area. On the upside, key resistance is seen around 1.1300 – 1.1340.
A clear break and daily close above that area would continue the bullish phase targeting 1.1500 region. My major technical outlook remains neutral.
EUR/USD, H1
Origin: FXOpen
