The EURUSD slipped above the range are of 1.4850 – 1.4950 yesterday, topped at 1.4980. The bias is bullish in nearest term targeting 1.5080 and 1.5140 but we need a consistent move above 1.4950 to confirm the bullish scenario. Like I said yesterday, the market has been quite volatile lately produced some false break so be careful and execute stop losses without any doubt. Any movement back below 1.4930 area should lead us back into no trading zone, re-testing 1.4850/30, but the mode remains bullish and short position is not recommended. Buy on dips but do not short on rallies.