EURUSD rebound off the 1.1150 support to suggest the 3-week rising trendline (as shown on the 240 minute chart) remains intact. Further strength would open the 1.1379/1.1385 range ceiling area. Clearance above there would extend the uptrend towards the 1.1466 swing high (May 15, 2015). The immediate support lies at 1.1188 (June 15, 2015 low) ahead of 1.1150 (June 12, 2015 low). However, a breakdown below the latter would defer the upside.
Outlook:
Short term: bullish
Long term: neutral
Outlook:
Short term: bullish
Long term: neutral