EUR/USD
Euro/dollar was volatile last week. As you can see the H4 chart, the price is moving sideways between 1.0800 - 1.1060 after the bullish rally from 1.0520. The bias is neutral in nearest term, probably with slight bullish signals for testing 1.1060. A clear break and daily close above that level could trigger further bullish pressure testing the trend line resistance area 1.1150 - 1.1180, which is a good place for a short position with tight stop loss. Immediate support is seen at 1.0940. A clear break below that area could trigger further bearish pressure testing 1.0870 but key support remains at 1.0800, which should be clearly pierced down a potential end to the upward phase. My major technical outlook remains neutral.
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