Technical Analysis for EURO
The EURUSD was indecisive yesterday. The bias remains neutral in nearest term. Immediate support is seen around 1.3700. A clear break below that area could trigger further bearish pressure testing 1.3650 or lower. Immediate resistance remains around 1.3770. A clear break above that area could trigger further bullish pressure testing 1.3800 – 1.3850 key resistance. The ascending triangle bullish scenario should remain valid but need a clear break above the triangle to give further confirmation to the bullish scenario testing 1.4000.