EUR/USD Trading Sideways

Technical Reports

Stance of trading remains neutral, as the pair is staying in a range of 1.1358/1472. Trading below 1.1358 should bring retest of low 1.1215. Pivot points are at: (S1) 1.1378; (P) 1.1407; (R1) 1.1432.

Overcoming of 1.1499 will indicate a near term trend reversal and turn forecast bullish for resistance 1.1814. Hitting of ow 1.1215 will resume a medium term downtrend. The pair’s forecast will stay bearish while resistance 1.1499 keeps.

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.