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.
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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.