EUR/USD has rallied nicely and is currently challenging the neckline resistance of a S/H/S bottom. A break above the neckline at 1.0704 will call for a continuation towards 1.0790 as the next hurdle to overcome. This should only be a temporary obstacle. Once broken, the next target is seen at near 1.1103 and likely closer to 1.1400.
Support is now seen near 1.0650 which ideally will act as a floor for the expected break above the neckline resistance at 1.0704.
