EUR/USD holds a very narrow range in the low 1.0800s.
Bargain hunters are still likely to look at dips to near 1.0800 as a buying opportunity for now.
Short-term trend dynamics are neutral while the daily and weekly DMIs still lean, if only moderately, EUR-bullish. That should limit downside pressure on spot in the near term at least.
Resistance is 1.0865/1.0875
Guys, what do you think? Leave a comment with your thoughts.
Comment
EUR/USD losses have edged off the intraday low at 1.0775 and short-term price signals are leaning bullish as a result.
The six-hour chart reflects a potential ‘doji’ candle developing now.
Additional EUR gains back above the 1.0800 zone in the session ahead would be supportive of a mild rebound in the pair at least.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.