FxWirePro: EUR/USD consolidates in narrow range ahead of ECB, good to sell on rallies
EUR/USD declined once again after showing a minor jump till 1.19221 yesterday. The pair is waiting for ECB meeting which is to be held on Sep 7th for further direction. It is currently trading around 1.18795. On the lowe…
EUR/USD declined once again after showing a minor jump till 1.19221 yesterday. The pair is waiting for ECB meeting which is to be held on Sep 7th for further direction. It is currently trading around 1.18795.
On the lower side, near term intraday support is around 1.1875 (trend line joining 1.16816 and 1.18440) and any break below will drag the pair down till 1.18230 (Aug 31st low)/1.17750.
The near term resistance is at 1.19230 high made yesterday and any break above will take the pair till 1.19795 high made after U.S Nonfarm payroll/1.200/1.2070 (Aug 29th 2017 high).
It is good to sell below 1.18750 with SL around 1.1930 for the TP of 1.18230/1.1780.
