FX.co ★ EURUSD tests 1.12 support

EURUSD is trading just above 1.12. Trend remains bearish in the short-term and only a break above 1.1280 would bring bulls back in control of the trend. So far they remain vulnerable and prone to breaking support.

Green rectangle - support area

Green line - major support trend line

EURUSD is challenging both the green rectangle support area and the upward sloping green trend line support. Bulls need to recapture 1.1250 resistance and then break above the triple top at 1.1280 area. If support at 1.12-1.1180 fails to hold we should expect price to move lower towards 1.11-1.10.