EUR/USD consolidates in narrow range, bullish only above 1.1010
EUR/USD is trading in narrow range between 1.09948 and 1.08469 in the last week.
Overall trend is still neutral as long as resistance 1.1010 holds.
Any break above confirms 1.1010 confirms trend reversal and it will take the pair further till 1.10850/1.11280 in short term.
Break above target
Overall bearish invalidation only above 1.1130.
On the lower side minor support is around 1.0940 and any break below targets 1.08865/1.0848.
Major weekly
Support -1.0845
Resistance- 1.1010
It is good to buy only above 1.1010 with SL around 1.0940 for the TP of 1.1280/1.1178.
Overall trend is still neutral as long as resistance 1.1010 holds.
Any break above confirms 1.1010 confirms trend reversal and it will take the pair further till 1.10850/1.11280 in short term.
Break above target
Overall bearish invalidation only above 1.1130.
On the lower side minor support is around 1.0940 and any break below targets 1.08865/1.0848.
Major weekly
Support -1.0845
Resistance- 1.1010
It is good to buy only above 1.1010 with SL around 1.0940 for the TP of 1.1280/1.1178.