Technical analysis of EUR/USD for November 26

Euro/dollar had another indecisive movement yesterday, forming another Doji on daily chart. Price attempted to push lower, bottomed at 1.0565 but closed higher at 1.0622. Trade bias is neutral in nearest term. I remain in the camp of bears in general, but the price is still in consolidation phase. The nearest resistance is 1.0640, whose breach could trigger further bullish pressure testing the trend line resistance zone 1.0700, which is a good place to place short positions with targets near 1.0500 with tight stop loss above the trend line as seen on the hourly chart. On the upside, a clear break and daily close above the trend line resistance and a level of 1.0700 could trigger further upside correction testing the important resistance 1.0800.