Technical Summary for Majors


EUR/USD Remains steady and moving within a narrow range around 1.3400 handle, as bull trendline from 1.3211 low, contained yesterday’s slide at 1.3350. Focus is again on fundamentals, with today’s ECB rate decision coming ahead of EU summit, with decisions expected to be the main driver of the market. Hourly studies are on neutral/positive mode, as the pair attempts through initial barrier at 1.3425, triangle resistance / recent range highs, above which to open strong barriers at 1.3453/85.

Comments are closed.