EUR/USD did post any significant movement
yesterday, even though we
witnessed quite dynamic
session. The price slipped above 1.1275 but closed lower at
1.1242. The closing
price was considerably near the opening price, respectively 1.1243 and 1.1248.
The outlook remains
neutral in nearest term. Immediate resistance remains around 1.1275 and in case of possible breakthrough it, this could trigger
further bullish pressure for
testing
1.1350. Support is located at 1.1200.
A clear break and potential daily/weekly
close below it,
could lead bears
towards 1.1125
or lower
next week. The main technical outlook remains neutral.
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