EURUSD made failed attempt to break above the 1.1370 resistance. Price is trading still inside the trading range and price seems to be getting rejection signs at 1.1370-1.1390. Support by recent lows and the upward sloping short-term trend line, is found at 1.1335.
Red lines- trading range
Blue line- support
A break below the blue support trend line at 1.1335, will be a bearish signal. If this happens, I expect next to see price move towards the lower trading range boundary around 1.12. Bulls need to defend the blue trend line and recapture the 1.1370-1.1390 resistance area. There is no clear direction on EURUSD yet, so traders better be cautious.
