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EUR/USD moves back into bullish phase
EUR/USD reversed higher yesterday, with price creating a double bottom, with the next leg higher coming by utilising the neckline as newfound support. We have seen EUR/USD sell off heavily this morning, yet if this new bullish trend is to sustain, we will need to see a move higher in the near future.
As such, a bullish outlook is in play unless we see a closed hourly candle below $1.0773. Support levels of note are at $1.0781, $1.0773 and $1.0710, with resistance at $1.0808, $1.0828 and $1.0848.