The pair is trading lower in today's session due to Technical bears who push the price down. Currently, the EUR/USD is trading at 1.0833 while making a low of 1.0780. The pair is in the resistance zone of 1.0830.1-0845. If this level is broken then we might witness a bullish attempt to go to 1.09 again.
On the other hand, a successful resistance would drive the price further south and try to reach 1.0780. Below this, next target for Bears will be 1.0720. As market sentiment still remains bearish, a move down might be expected this week.
Chart: EUR/USD H1
Range continues.
ReplyDeleteGood daily highs amid the low volatility today.
ReplyDeleteWe may see a pullback before another downward move.
ReplyDeleteStill ranging.
ReplyDeleteWell spotted analysis.
ReplyDelete