EURUSD’s Daily Outlook

The Euro seems to be in a major uptrend against the US Dollar and trading comfortably above the 1.1640 support zone.
Looking at the daily chart of the EURUSD pair, there are two important bullish trend lines forming with support at 1.1700 and 1.1640. As long as these trend lines are intact, the pair remains in an uptrend and likely to trade above 1.1850 in the near term.
On the upside, there is a connecting bearish trend line with resistance at 1.1805. A break and close above 1.1810 would open the doors for 1.1850 or even 1.1900. On the downside, the 1.1640 level remains a crucial support.

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