Consolidation in EUR/USD is Awaited

Technical Reports

Trading in the pair is on the upside, as growth goes on. Pivot points are at: (S1) 1.1775; (P) 1.1810 (R1) 1.1835.

Growth from 1.0339 goes on. Trading below minor support 1.1722 will become neutral and bring a consolidation.

The pair has created a bottom at 1.0339. Overcoming of 55 month EMA will align the key fibonacci level at 38.2% retracement of 1.6039 to 1.0339 at 1.2516. Growth from 1.0339 is sustained, but long term uptrend is unlikely. Firm resistance from 1.2516 might bound the upside.