- EUR/USD is trading in narrow range between 1.09948 and 1.08469 in the last week.
- Overall trend is still neutral as long as resistance 1.010 holds.
- Any break above confirms 1.010 confirms trend reversal and it will take the pair further till 1.10850/1.11280 in short term.
- Break above 1.1130 target 1.1178.
- Overall bearish invalidation only above 1.1130.
- On the lower side minor support is around 1.0940 and any break below targets 1.08865/1.0848.
Major weekly
Support -1.0845
Resistance- 1.1010
It is good to buy only above 1.1010 with SL around 1.0945 for the TP of 1.1280/1.1178.
The material has been provided by InstaForex Company – www.instaforex.com