EUR/USD remained flat below 1.1260 on Tuesday

Neither bulls nor bears managed to take control over the market on Tuesday as the EUR/USD cross finished the trading session with literally no change in value. However, there were attempts to climb above the 1.1260 supply (monthly PP; 50% Fibonacci retracement of Jul-Aug uptrend). In case bulls fail to accomplish this goal on Wednesday, the attention will be turned to be downside as bearish risks will increase. Short traders are setting eyes on 200-day SMA at 1.1177, while their intentions are supported by daily technical indicators.

The share of bulls on the market is flat at 53% on Wednesday. In the meantime, pending orders in 100-pip range from the spot are equally divided between bulls and bears.