EURUSD continues to trade above the key trend line support and remains in a bullish trend. As long as price is above 1.2230 short-term trend will remain bullish.
Blue line - support trend line
EURUSD is respecting so far the blue support trend line. We remain bullish short-term as long as price is above it. The red lines show the bearish RSI divergence. This is important warning for bulls and should not be ignored. This is not a bearish reversal signal, but if it is combined with a break below 1.22 then we should expect more downside and selling pressure to increase. This could lead to a move towards 1.21-1.2070 at least. If price continues to respect the blue trend line, we should soon see 1.2350 target achieved.
