FX.co ★ EUR/USD

It is worth noting that nothing has changed for the EURUSD pair, as we continue to trade within the same range. Currently, we are seeing another uptick, which is logical because we have a level around 1.1552 that needs to be tested. On the other hand, the main trend remains downward. However, there are no clear immediate targets to the downside yet, although I believe we will eventually move towards retesting the lows. Of course, a lot also depends on the demand for the dollar. Therefore, it is important to see how the dollar will trade against the Americans, as there will be significant economic data releases. In general, I do not consider taking trades from these price levels. But I think we may not only reach above 1.1552 but also extend to 1.1568, where I will consider selling.