The EURUSD had another indecisive movement yesterday but print another lower high and low since failed to make a clear break above the trend line resistance as you can see on my H1 chart below.
The bias is bearish in nearest term especially if price able to make a clear break and consistent movement below 1.1200 targeting 1.1100 – 1.1065 region. Immediate resistance is seen around 1.1260. A clear break above that area could lead price to neutral zone in nearest term testing 1.1300 and the trend line resistance.
A clear break and daily close above 1.1300 would continue the bullish phase targeting 1.1500 region. My major technical outlook remains neutral.
Origin: FXOpen
