EURUSD Intra-Day Technical Analysis - ranging bullish before US Advance Retail Sales

H4 price is on bullish market condition with the ranging within the following key reversal support/resistance levels:

• 1.1052 resistance level located far above Ichimoku cloud in the bullish area of intra-day chart, and
• 1.0795 support level located on the border between the primary bearish and the primary bullish area of the chart.
  

Absolute Strength indicator is estimating the ranging market condition to be continuing. Chinkou Span line is located near and above the price to be ready to cross it from above to below for the good possible breakdown in the near future.

If H4 price will break 1.0795 support level on close H4 bar so the reversal to the primary bearish condition will be started with the secondary ranging (the price will be inside Ichimoku cloud/kumo in this case).
If H4 price will break 1.1052 resistance level so the bullish market condition will be continuing.
If not so the price will be on ranging within the levels waiting for direction..

• Recommendation for long: watch close H4 price to break 1.1052 for possible buy trade
• Recommendation to go short: watch H4 price to break 1.0531 support level for possible sell trade
  
• Trading Summary: ranging

SUMMARY : bullish