EURUSD testing neckline resistance
The euro currency is testing back towards key intraday resistance against the US dollar as short-term bulls attempt to take back control of price action. If bulls can rally price above neckline resistance, the 1.1200 level may start to come into focus. The downside projection of the bearish head and shoulders pattern on the four-hour time frame extends below the 1.1000 support level.
The EURUSD pair is bearish while trading below the 1.1174 level, key technical support is found at the 1.1135 and 1.1100 levels.
If the EURUSD pair trades above 1.1174 level, key intraday resistance is found at the 1.1200 and 1.1216 levels.