The EURUSD had a bearish momentum yesterday bottomed at 1.1159. The bias remains bearish in nearest term testing 1.1100 – 1.1065 region as a part of the false break bearish scenario as you can see on my H1 chart below. Immediate resistance is seen around 1.1220.
A clear break above that area could lead price to neutral zone in nearest term testing 1.1300 and the trend line resistance. My major technical outlook remains neutral.
EURUSD, H1
Origin: FXOpen
