The EURUSD had a bearish momentum last week. Price slipped above the trend line resistance but closed back below the trend line resistance created a false breakout bearish scenario as you can see on my H1 chart below. The bias remains bearish in nearest term testing 1.1100 – 1.1065 region. Immediate resistance is seen around 1.1220.
A clear break above that area could lead price to neutral zone in nearest term retesting the trend line resistance and 1.1280 – 1.1300 region. My major technical outlook remains neutral.
EURUSD, H1
Origin: FXOpen
