EURUSD Trade Idea for Next Week

Technically overall this pair continues to trend within a range from 1.0780 - 1.0880 as illustrated in the chart above. Currently on the 1hr timeframe we are maintaining somewhat of an ascending channel. The 1.08 level has held quite nicely as support recently providing clues that the overall market turns more bullish when we reach the lows of 1.0780 - 1.0800. With that said, my outlook for this pair is bullish on the 1HR timeframe but we may see some hurdles along the way as the pair will attempt to climb higher back up towards range resistance around 1.0880. If on the other hand we break with a bearish momentum candle below 1.0780, that will then open up 1.0750 and 1.0700 as near-term levels of support.