EUR/USD seems unable to break above 1.1370 for a move towards 1.1410 or higher. Support so far is being respected but a daily close below 1.1320 will be a bearish sign for the next few sessions at least.
Red line - major trend line resistance
Green line - major trend line support
Black line - RSI support trend line
Blue line - support trend line
Blue rectangle - target area
EUR/USD continues to respect short-term support blue trend line. Support is now at 1.1345 and it is important for bulls not see a close below 1.1320. Resistance is found at 1.1370 and a 4 hour close above this level will open the way for a move higher closer to the red trend line resistance and our blue target area between 1.1410-1.1425. Also it is important for bulls to continue to see RSI hold above the black trend line support. Breaking below it will be a sign of weakness to come.The material has been provided by InstaForex Company - www.instaforex.com