The EURUSD had a volatile but indecisive market on Friday. The pair attempted to push lower, bottomed at 1.4479 but found support at trendline support (orange), bounced to the upside, topped at 1.4646 and closed at 1.4574. The fact that the trendline support still hold should keep the bullish scenario intact. On the upside price seems to find resistance around minor trendline resistance (red). These trendlines is the key area at this phase and we need trendline break to see clearer direction. Break above the trendline resistance should trigger further bullish momentum testing 1.4720 and 1.4850 area. Break below the trendline support would have a bigger impact on longer term perspective, testing 1.4440 even 1.4280 and the bullish scenario could be in serious threat. Immediate resistance at 1.4650/70. Immediate support at 1.4575 followed by 1.4440.
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