continues to consolidate within a rising wedge
pattern, and the price action suggests a modest upside in the making. Price is likely to test 1.1260 – 1.1245 where resistance could be forming. This near-term upside is also validated by the doji
close that has formed. Following a retest, a reversal from this resistance level
could keep the EURUSD
biased to the downside.
The support at 1.1100 followed by 1.1000 is most likely to be tested in the near term.