Market participants favor the US dollar and seem ready to test prior low at 1.1150. Main trend on the short-term remains bearish with a confirmation by the break of 1.1250, which is now seen as first resistance.
If 1.1150 is broken next level would be the 200SMA at slightly below 1.11.
Chart: EUR/USD D1
It's still testing 1.1200.
ReplyDeleteI think it might bounce off the support.
ReplyDeleteThanks for such an informative analysis.
ReplyDeleteThe pair is sideline trading with a narrow range.
ReplyDeleteLet’s see how it keeps going.
ReplyDeleteGood tip! I'll keep it in mind.
ReplyDeleteVery helpful and insightful analysis, excellent.
ReplyDeleteGreat analysis!
ReplyDelete