EURUSD continues to consolidate within a rising wedge pattern, and the price action suggests a modest upside in the making. Price is likely to test 1.1260 – 1.1245 where resistance could be forming. This near-term upside is also validated by the doji close that has formed. Following a retest, a reversal from this resistance level could keep the EURUSD biased to the downside.
The support at 1.1100 followed by 1.1000 is most likely to be tested in the near term.
The support at 1.1100 followed by 1.1000 is most likely to be tested in the near term.
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