The EUR/USD pair had another failed attempt to break above resistance on Friday. The price got rejected at the major trend line resistance and pulled back below 1.14 towards the 1.1350-1.1370 support area. The price remains within the trading range.
Red line - major trend line resistance
Green line - trend line RSI Support
EUR/USD remains within the trading range. It is safer to wait for a clear breakout before acting. However, the major bullish divergence implies that it is more likely to see a move higher. This move higher will be confirmed once the red trend line is broken. And we will remain on the bullish side as long as the green trend line support of the RSI is not broken downwards.
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