Eurusd remains neutral and more consolidative trading could be seen below 1.3710 temporary top. But downside should be contained above 1.3403 resistance turned support and bring another rally. Above 1.3710 will extend recent rally to 1.2661 at 1.3790 next. But we'll pay close attention to whether eurusd shows sign that it's developing into a long term up trend. Meanwhile, now stay medium term bullish. Only below 1.3480 (previous resistance) would abort and signal a temporary top is formed, bring retracement of recent up move to 1.3450 but previous support at 1.3415 should remain intact, bring another rally later.
Eurusd
Eurusd remains neutral and more consolidative trading could be seen below 1.3710 temporary top. But downside should be contained above 1.3403 resistance turned support and bring another rally. Above 1.3710 will extend recent rally to 1.2661 at 1.3790 next. But we'll pay close attention to whether eurusd shows sign that it's developing into a long term up trend. Meanwhile, now stay medium term bullish. Only below 1.3480 (previous resistance) would abort and signal a temporary top is formed, bring retracement of recent up move to 1.3450 but previous support at 1.3415 should remain intact, bring another rally later.
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