The main range is 1.0879 to 1.1179. The EUR/USD is currently trading inside its 50% to 61.8% retracement zone at 1.1029 to 1.0994. The recent price action suggests this zone is controlling the near-term direction of the Forex pair.
The short-term range is 1.1176 to 1.0989. Its retracement zone at 1.1083 to 1.1104 is resistance.
The short-term range is 1.1176 to 1.0989. Its retracement zone at 1.1083 to 1.1104 is resistance.