EUR/USD European session Update- Watch out for 1.06700

EUR/USD has recovered till 1.06697 at the time of writing in European session  and slightly retreated from that level. It is currently trading at 1.06500.

• Major intraday resistance is around 1.06700 (34 day 4H EMA) and any break above confirms very minor bullishness , a jump till 1.0720 (trend line joining 1.0829 and 1.07628) is possible.
• Any break above trend line 1.0720 only confirms very short term bullishness.  On the downside watch out 1.0580 for further weakness.