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  • The pair remains sidelined in the bottom end of the recent range following Thursday’s bearish ‘outside day’.
  • The short-term resistance line – today at 1.1735 – continues to cap the upside, while further retracement is expected below it. Interim resistance ahead of this important hurdle is reinforced by the 21-day SMA at 1.1683 and the base of the daily cloud.
  • Looking south, the 1.1570 area should hold the initial test, ahead of 1.1527 and YTD lows in the 1.1500 neighbourhood.

EUR/USD daily chart




Daily high: 1.1665

Daily low: 1.1648

Support Levels

S1: 1.1629

S2: 1.1602

S3: 1.1584

Resistance Levels

R1: 1.1674

R2: 1.1692

R3: 1.1719