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EUR/USD trading flat with no clear signals

The pair stabilized with minor losses after briefly dropping below $1.0800 To the upside, the strong resistance can be seen at 1.0910, a break above will take the pair towards next resistance level at 1.0945 To the downs…

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The pair stabilized with minor losses after briefly dropping below $1.0800

  • To the upside, the strong resistance can be seen at 1.0910, a break above will take the pair towards next resistance level at 1.0945
     
  • To the downside immediate support can be seen at 1.0820 levels, a break below will open gates towards 1.0761 levels
     
  • The pair needs to clear the key technical support of $1.08 and if this happens, the trend will shift to bearish. Until then, it is in the zone of consolidation between $1.08 and $1.1040

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