The EUR/USD currency pair continues to hover around the 1.10 mark, unable to break out above 1.10. The chart landscape remains somewhat ambivalent, although most technical indicators will tell you the trend is bullish here. 

The primary factors supporting the upward trend is the enduring long-term bullish channel and the fact that EURUSD is still holding above 1.10. But the fact that an upside break isn’t happening suggests that the picture here is at least neutral. Indeed, last week’s candle closed as a doji.

To the downside, the nearest support is located at 1.09.