The EUR/USD pair is unable to advance beyond a key Fibonacci resistance level at 1.0840, as FXStreet’s Chief Analyst Valeria Bednarik notes.
Key quotes
“The 4-hour chart shows that the pair is holding above a flat 20 SMA, although below the larger ones, which maintain modest bearish slopes.”
“The Momentum indicator keeps retreating within positive levels, while the RSI lacks directional strength around 49, offering a neutral stance.”
“Support levels: 1.0770 1.0725 Resistance levels: 1.0840 1.0885”
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