EURUSD maintains a near-term top, enters a consolidation phase
A level to watch is 1.1585 below here 1.1550, and 1.1530-1.1500 exists. Last week the price has tested and held the resistance 1.1745.
Ahead of the macroeconomic data risk 1.1530-1.1500 is an exciting place to watch carefully. A break below this support zone would erase our earlier bullish EURUSD view.
Bulls will regain the intraday strength only above 1.1630. In this case, 1.1650 and 1.1690/1.1700 are the immediate targets, followed by 1.1730 and 1.1770.
Ahead of the macroeconomic data risk 1.1530-1.1500 is an exciting place to watch carefully. A break below this support zone would erase our earlier bullish EURUSD view.
Bulls will regain the intraday strength only above 1.1630. In this case, 1.1650 and 1.1690/1.1700 are the immediate targets, followed by 1.1730 and 1.1770.