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EUR/USD – Attempting bullish break on hourly

FX_IDC:EURUSD   Euro/U.S. Dollar
Resistance –1.1376, 1.14, 1.1465

Support – 1.1320, 1.1295, 1.1270

Euro             is attempting a break above falling trend line on hourly chart. If confirmed on hourly closing basis, doors would be opened for a cut through 1.1376 and rise towards 1.14 handle.

On the other hand, rejection at trend line if followed by a break below 1.1295 could shift momentum in favor of bears and expose support at 1.1236.

Sharp drop in EUR/JPY             cross could make life difficult for EUR/USD             bulls.

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