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EURUSD trades in a narrow range between 1.11250 and 1.11891 for the past two days. It hit a low of 1.11245 a the time of writing and is currently trading around 1.11399.
Intraday bias remains bullish as long as support 1.1120 holds.
Technicals-
The pair is trading below 34- and 55 EMA in the 15-minute chart.
The near-term resistance is around 1.1160, a breach above targets 1.11780/1.1190/1.1200. Major bullish continuation only above 1.12150. A jump above will take the pair to 1.12780.The immediate support is at 1.1140 any violation below will drag the pair to 1.1120/1.1060.
Indicator (15 min chart)
CCI (50)- Bearish
Average directional movement Index - Bearish All indicators confirm a mixed trend.
It is good to buy above 1.1190 with SL around 1.1160 for a TP of 1.12780. or
Sell below 1.1120 with SL around 1.1150 for TP of 1.10600.
