EUR/USD has bounced higher after breaking down through its 45° trend-line. It's too early to say whether this is a resumption higher or not and confirmation might be required from a break above the 1.3620 highs, which would then target 1.3705. Alternatively a move down to 1.3565 could signal a resumption lower and target 1.3485. On the larger 25 and 50 pip box charts the trend is still bullish, but the down-move from the October highs was very strong and pierced the lower channel line of a rising channel. Therefore there are a mix of bullish and bearish signs with the possibility of the next move being in either direction.
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