The EURUSD corrected higher yesterday, broke above bull flag and consolidation showing bullish momentum in short term view !
Stability above the key support 1.3025 will keep pushing toward the key resistance 1.3212 , a clear break above 1.3212 will suggest that rise from 1.2042 is resuming, and target 1.3500 levels, but in return a clear break below 1.3025 with daily close would take us again to the neutral zone...
By checking the 1 hour chart, the pair is in extended bearish divergence- bullish reversal in short term - yesterday the pair extended above 1.2991, today an hourly close above 1.3123 would extend the move toward 1.3170/200 levels, stability below 1.3123 might test 1.2991 once again....
According to 15 min chart, stability above 1.3095 would push toward 1.3142 levels, the next support level would come at 1.3057 and 1.3042 then1.3025 and 1.2991 !!
Today we don't have any important data , most likely the pair would trade in small range !!!
Main support and resistance levels:
Resistance 1.3110 1.3180 1.3260
Support 1.3025 1.2950 1.2870