EUR/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The EUR/USD is currently consolidating within a defined range around the 1.17085 pivot, suggesting a range-fading strategy for scalpers targeting the extremes of 1.17200 resistance and 1.17023 support. Given the recent cluster of dojis and series of lower highs, high-probability setups include selling into supply spikes near 1.17200 with a stop above the daily high of 1.17233, or buying a clean rejection at the 1.17023 floor for a quick mean-reversion move toward the 1.17100 midline.



Should the price lose the 1.17060 level on a decisive 10-minute close, a secondary short scalp becomes viable, targeting the liquidity sitting at 1.16970, though traders should remain alert for a volatility expansion that could break this tight consolidation.

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