EUR/USD Undecided!
The EUR/USD pair is trading sideways in the short term. It's trapped between 1.1366 and 1.1238 levels. The currency pair could continue staying within this range pattern in the coming days. Only escaping from this chart pattern could announce an upside or a downside movement.
You already know from my previous analyses that breaking above the 1.1366 upside obstacle may announce an upside reversal. On the contrary, dropping below 1.1238 static downside obstacle may signal a potential drop towards 1.1195 lower low which stands as a downside obstacle as well.
EUR/USD Trading Conclusion!
The pressure remains high as long as it stays under the 1.13 psychological level. Still, EUR/USD could resume its downtrend only if it drops and stabilizes below 1.1195 lower low. This scenario could bring new selling opportunities. A new buying opportunity could apprear if the price jumps above 1.1366.
