EURUSD Bullish Breaks above 5-week falling trendline for higher

FX_IDC:EURUSD   Euro / U.S. Dollar
132 0 3
EURUSD             rallied off 1.0846 (August 5, 2015 low) to break above 5-week falling trendline (as shown on the 240 minute chart) to project further gains towards 1.1114/1.1129 next. Clearing there would complete a base over 1.0846 and trigger strength towards 1.1216 and possibly 1.1278. The immediate support lies at 1.1017 ahead of 1.0958. However, bears reclaiming 1.0958 would dampen the bullish tone.

Short term: bullish
Long term: neutral
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