EUR price has been trading sideways at the price of 1.1105 but my main long bias didn't change. I still expect more upside and potential re-test of 1.1163.
Red horizontal line – Important resistance and upward objective
Yellow rectangle - major support area
Middle Bollinger green line – 20SMA support
Silver rectangle – Failed breakout of support
Purple rising line – Expected path
MACD oscillator did show good new momentum up in the background and I do expect at least another push higher. Key support is at 1.1105-1.1100 (round number) and resistance at 1.1164. Bears need to be very cautious as there is strong momentum in the background and potential buying the deep type of feeling. As long as the EUR is holding above 1.1100, there is a chance for potential test of 1.1164. Most recently, the Middle Bollinger 20SMA is holding, which is another sign for potential upward move.
