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Short

EUR/USD is testing Daily Resistance 1.1215

FX_IDC:EURUSD   EURO / US DOLLAR
EUR/USD             has recovered on daily chart to 1.1215 resistance level, which is projected descending trendline of 08.May top 1.3993 and 01.Jul to[ 1.3701.

snapshot

On intraday chart the pair is moving in short-term ascending channel with current borders at 1.1180-1.1240.

snapshot

Expected scenario is EUR/USD close below lower line of ascending channel and fall resumption targeting 1.1060 and 1.1020. Stop-loss is set above lower channel line.
Rebound from 1.1180 indicates re-test of 1.1215 and climb to 1.1240/50.
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