FX.co ★ EUR/USD Range Movement!

EUR/USD is trapped between 1.1862 and 1.1956 levels. It could continue to move sideways in the short term before deciding a clear direction.

Dropping and stabilizing under the 1.1862 level could really indicate a larger drop while jumping above 1.1956 may announce an important growth.

Trading Conclusion!

EUR/USD could extend its decline if it drops below the 1.1862 level. It could decline in the short term after failing to stay above 1.1919 level, static support.

1.1800 psychological level could be used as a downside target if EUR/USD drops below 1.1862.