FX.co ★ EURUSD remains in a bearish trend as long as price is below 1.1050.

EURUSD remains weak. Despite showing some signs of strength last week, the inability to close above 1.11 combined with the failure to hold above the 1,10 support, puts some pressure on the pair.

EURUSD is still trading below both the tenkan- and kijun-sen (red and green line indicators). Resistance is at 1,1050 and a close above it will signal that a move towards cloud resistance at 1.11 is very likely. Until then short-term trend remains bearish with all eyes at the Summer lows of 1.0925. Shorter-term resistance is found at 1.1023. Today's highs. Closing above 1.1023 would be the first sign of short-term strength in EURUSD.