The EURUSD had a volatile but indecisive market yesterday, formed a Doji on daily chart. On h4 chart below we can see that the pair is trapped between my two important levels, 1.4850 – 1.4950 area. However, for me it’s clear that the bullish remains in control as price quickly rejected further downside correction after found support around 1.4850 area and I am expecting a valid breakout above 1.4950 at least targeting 1.5080 and 1.5140 area before aim for 1.5300. Initial support remains at 1.4850 area. Break below that area will not automatically set a bearish reversal scenario but surely diminish my bullish technical outlook. Short position is not recommended.
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