As long as EUR/USD is trading above 1.1220-1.12 there are more chances of another new higher high near 1.1380-1.14. Long-term trend remains clearly neutral as price is inside the one-year trading range of 1.06-1.17.
Price is approaching the upper boundary of the trading range and bulls should be very cautious in case we have another rejection and another run towards the lower end of the range.
Red lines - price projection
Price is inside a short-term bullish channel and above the 4 hour Kumo. Price is expect to move towards the lower channel boundary and bounce for a new high near 1.1380. Cloud support is at 1.12. There are some divergence signs that should be worrying for bulls.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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