EURUSD Technical Outlook

It shows that EURUSD is in bullish recovery movement from the support area 1.0550. It tests this support area twice. It can be assumed that the Market bias is slightly bullish now as it can not break the recent low and back to bullish again. More bullish movement is expected now targeting 1.1100. The area of 1.1100 offers a short term resistance and price has the chance to test this area.