source: www.actionforex.com
EUR/US Dstays in sideway consolidation from 1.0673 last week and initial bias is neutral this week first. Stronger recovery could be seen but upside should be limited by 1.1071 resistance and bring another fall. Decline 1.0673 will extend the decline from 1.1713 for a test on 1.0461 low. Decisive break there would target 50% projection of 1.3993 to 1.0461 from 1.1713 at 0.9947 next.
Update status
EUR/US Dstays in sideway consolidation from 1.0673 last week and initial bias is neutral this week first. Stronger recovery could be seen but upside should be limited by 1.1071 resistance and bring another fall. Decline 1.0673 will extend the decline from 1.1713 for a test on 1.0461 low. Decisive break there would target 50% projection of 1.3993 to 1.0461 from 1.1713 at 0.9947 next.
Update status