EUR/USD – Must remain above key support at 1.5344 in order to maintain bullish outlook. EUR/USD produced a bearish short-term trend reversal below 1.5828 earlierthis week. A close below support at 1.5613 would favour a deeper pullback to the key triple bottom at 1.5344. However this level must hold in order to sustain bullish stance and prevent the formation of a major topping pattern – with a close above resistance at 1.5864 now required in order to underpin a new rally that would highlight the doubletop at 1.6020.
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