EURUSD completed a higher base over 1.1048 (as shown on the 240 minute chart) on breaking above 1.1379 to suggest scope remains for further upside. A decisive move above the latter would signal further gains towards the 1.1466 resistance. Clearance above there would extend the 3-month uptrend from the 1.0461 YTD low (March 13, 2015) towards 1.1533 (February 3, 2015 high) 1.1679 (January 21, 2015 high). Further upside lies the 38.2% retracement of the 1.3993/1.0461 entire fall at 1.1810. Near-term support levels are 1.1213 then 1.1135. A breakdown below 1.1355 would dampen the bullish momentum and shift the focus towards 1.1048.
Short term: bullish
Long term: neutral
Short term: bullish
Long term: neutral
