Outlook in EURUSD remains neutral , the pair is in recovery mode as long as trades above 1.0706 levels on a daily closing basis , resistance comes at the 1.0886 levels , a halt is likely , but a clear break would open 1.1036/1.1051 next ,further upside will aim the 1.1182 levels ..

On the downside , support comes at the 10706 levels , sustained breakout below this level will restore the downside momentum and open 1.0618 ahead of 1.0531/1.0461 levels …

In all as long as 1.0706 support holds on a daily closing basis , the EURUSD remains on recovery mode and further upside couldn’t be ruled out , but watch out for the key resistance 1.0762/1.0885 , sustained breakout below 1.0706 will restore the downside momentum and open  1.0530/1.0460 levels…

On the 4 hour chart , the pair is under pressure as long as trades below 1.0720/1.0750 levels on a 4 hour closing basis , stability below both levels could mean a return to the 1.0618 levels , sustained breakout above the 1.0750 levels is needed to resume rise from the 1.0461 levels , If seen focus will be on the 1.0848 levels..

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