FX.co ★ EUR/USD

Hello traders, Currently, the currency pair EUR/USD continues to move within a sideways channel. This information indicates that control is maintained by both sellers and buyers. After an attempt to stay above the 1.18030 level, the price bounced back down. I expect that in the near future, the price for the currency pair will move in a range of approximately 1.17920 to 1.17800. At the moment, the 1.17900 level is the closest support. If the price manages to break this level, it could be one of the first signals that a move towards 1.17800 is likely to start, although a pullback could also occur. It is important to note that the price is currently above this point, indicating a bearish bias.