EUR/USD
EUR/USD had a bullish momentum yesterday, topped at 1.0637. The signals are up at short term for testing 1.0650 and the resistance trend line, which is a good place for short positions with targets near 1.0500 with tight stop losses over the trend line, as you can see in the hourly graphics. We have immediate support at 1.0600. A clear break above that area could lead price to neutral trading zone testing 1.0550 or lower. On the upside, a clear break and daily close above the resistance trend line could trigger further upside correction and testing of the key resistance 1.0800. The fundamental focus will be on Draghi press conference tomorrow and employment data from the US on Friday.
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