EUR/USD Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/USD 1H chart indicates a neutral, sideways trend, as the price consolidates without clear direction. It is currently trading in a range, capped by resistance between 1.1650 and 1.1680 and held up by support around 1.1610. Both the flat 90 SMA and the RSI at 52 confirm this lack of momentum, suggesting the best strategy is to wait for a decisive breakout above 1.1660 or a drop below 1.1610 before expecting a major move.



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