The EURUSD tries to break below the 1.1300 level, but leaves behind a false breakdown. The pair may continue consolidated between the 1.1300 level and the 1.1400 level with the 55 day EMA also acting as resistance.
The EURUSD is very undecided around the 1.1465 level with low volatilty, its most relevant resistance is still its 200 day EMA around the 1.1546 level and its support is at the 1.1400 level. From the current position, the pair may head in any direction.
The EURUSD completes four sessions in a row stuck around the 1.1363 level without a clear direction. The 1.1400 level along with the 55 day EMA could act as resistance and the 1.1300 level could act as support.
The EURUSD has been in a 200 pip or so range for the past 14 weeks.
If it closes above 1.1500 on the weekly then will look to go long.
If it closes below the Weekly 200 (1.1320) then will look to go short.
The EURUSD consolidates around the 1.1338 level where it forms a doji on the daily chart, being this an indecision pattern. Therefore, the price of the EURUSD may head in any direction from the current levels.
The EURUSD rallies strongly to break above the 55 day EMA and reaches the 1.1400 level where it may find some resistance. However, if the pair breaks above the 1.1400 level, then it may reach the 200 day EMA around the 1.1500 level.