The EURUSD continued its bullish momentum yesterday topped at 1.1342. The bias remains bullish in nearest term.
As you can see on my H1 chart below price is now struggling around the trend line resistance suggest a critical technical point. A clear break above the trend line resistance and consistent movement above 1.1342 could trigger further bullish pressure testing 1.1450 – 1.1500 region. On the downside, 1.1240 – 1.1200 is a key support.
A clear break and daily/weekly close below that area could create a false break bearish scenario next week. My major technical outlook remains neutral.
Origin: FXOpen
