EUR/USD short-term technical outlook
The EUR/USD pair has completed a pullback to the 61.8% retracement of its latest daily advance at around 1.1110, still the main resistance.a handful of pips above the mentioned Fibonacci level, while technical indicators head nowhere within negative levels. The pair is confined to a 30 pips’ range ever since the day started, and seems unlikely it will manage to achieve directional momentum through the upcoming US session.
The EUR/USD pair has completed a pullback to the 61.8% retracement of its latest daily advance at around 1.1110, still the main resistance.a handful of pips above the mentioned Fibonacci level, while technical indicators head nowhere within negative levels. The pair is confined to a 30 pips’ range ever since the day started, and seems unlikely it will manage to achieve directional momentum through the upcoming US session.
