EUR/USD: technical analysis
The main trend on the EUR/USD pair is a still bullish. There’s the price movement in a range between the 55 Simple Moving Average and the resistance level 1.1214. In the short term we can expect a rise to a resistance area between the levels 1.1214 - 1.1245, but then the market may start a downward correction towards a support area between the levels 1.1145 - 1.1032.
The market has been slightly declining in a range since last Tuesday. It's likely that the pair will go even lower to a support area between the levels 1.1145 - 1.1032. Nevertheless, the price might go to a new upward movement afterwards to a resistance at the level 1.1194.