Dominant bias: Neutral
For the most part of May 2016, EURUSD was in a downtrend. On June 3, a strong bullish breakout led to a bullish signal, but price was unable to continue moving up continuously in the following week, which was last week. Price simply went up 50 pips, hit the resistance line at 1.1400 and then nosedived. This has forced the market into a neutral territory, since the bullish gains of June 3 had been rendered useless by the strong bearish correction that took place within June 9 and 10 (whereas bears cannot claim any dominance until price goes below the resistance line at 1.1150). It is likely that EURUSD would continue to go downwards this week, though the bias may not turn bearish until the resistance line at 1.1150 is broken to the downside. For the bias to turn bullish again, price needs to go above the resistance line at 1.1350.