The EURUSD market still retains a short term bear trend bias, with trade still suggesting a breakout under the 1.1600 low. The formation alerts for washouts near 1.1588. Any corrections will likely hang below 1.1660 high and use congestion to bear flag. A close over 1.1700 stops aggressive bear forces. Only a close over 1.1765 (SAR for today) signals a reversing turnaround.

R2          1.1677
R1          1.1658

S1          1.1614
S2          1.1588