In the Daily chart EURUSD is challenging the lower cloud boundary and both the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). Resistance is important at 1.0570. Traders need to be cautious in case we see a rejection at resistance. We have a confluence of resistance levels around 1.0570. So a break above this level could be big news for bulls. If this happen, then I will be expecting price to move even higher towards the upper cloud boundary at 1.0770.
