The EURUSD pair continues to fluctuate around 1.0760 level, and couldn’t manage to confirm breaking it, to keep our neutrality valid until now, as we are waiting to break this support or breach 1.0860 resistance to confirm the next destination clearly.
The contradiction between the technical indicators provides another reason for neutrality, reminding you that breaking the support will push the price to suffer losses that target 1.0645 areas mainly, while breaching the resistance represents the key to resume the correctional bullish wave to head towards 1.0960 as a next positive target.
The expected trading range for today is between 1.0680 support and 1.0860 resistance.
The expected trend for today: Neutral
Origin: Economies
