YourLazyTrader

EURUSD is moving in a range

FX:EURUSD   Euro / U.S. Dollar
1.1700 level is strong support for EURUSD whereas 1.1910 is the resistance level.
Currently, price is moving back and forth within this tight range.

However, 1.850 is also a minor resistance now and price can fall back to the support level after hitting 1.1850 this week.

A strong break of the 1.17 level will lead to further decline in EURUSD whereas a break of the 1.1910 resistance level would mean that the bullish trend has started again.

Currently, I have no positions in EURUSD. However, I would be looking to sell at 1.1860 level if I see some bearish price action.


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