Green line- resistance
Black line- support
EURUSD is trading around 1.0640. Price got rejected yesterday at the resistance of 1.0650-1.0660. Price continues to stay above the support of 1.0570 and below the resistance of 1.0660. Price continues to trade sideways and we do not expect much to change until next week. On a medium-term basis price is vulnerable to a move lower. Upside potential is limited to a move towards 1.0730 in case bulls manage to break above 1.0660. Downside target remains at 1.03-1.02. Short-term trend is overbought and with several warning signs of a coming pull back.
