Trading In EUR/USD Is Limited

Technical Reports

Trading is neutral, as the pair is still bounded below resistance 1.1499. Trading below minor support 1.1363 will back to the downside for 1.1215. Pivot points are at: (S1) 1.1411; (P) 1.1438; (R1) 1.1482.

Overcoming of 1.1499 will indicate a near term trend reversal and turn forecast bullish for resistance 1.1814. Upside of recovery should be limited below resistance 1.1499.

The downtrend from a medium term top 1.2555 has just resumed for 61.8% retracement of 1.0339 to 1.2555 at 1.1186 next. Hitting of that zone will aline retest on 1.0339. Overcoming of resistance of 1.1814 will confirm a medium term bottoming.