Price consolidation means that bulls and bears are having a hard time determining who will take the lead. Currently, price is 1.1090 and the pair has had two days of going below 1.1057 and recovering back above 1.1100.
First support zone is seen 1.1027 while first resistance zone is seen at 1.1120. No major news are scheduled for today so we can expect price to fluctuate between those levels.
Chart: EUR/USD D1
Seems like the pair is muted.
ReplyDeleteThe pair is stuck in a range, hopefully the NFP tomorrow will end it.
ReplyDeleteThat EMA may act as support.
ReplyDeleteWaiting for the NFP number.
ReplyDeleteLet's see how the NFP will affect it.
ReplyDeleteA bearish outlook!
ReplyDeleteThe pair is just holding above 1.1000 level.
ReplyDeleteVery helpful and insightful analysis, excellent.
ReplyDelete