- EUR/USD is now extending the sideline theme in the upper-1.1600s although still remains unable to move further north of the 1.1700 handle in a convincing way, let alone test the tough hurdle in the 1.1745/50 band.
- Above this resistance band lies 1.1790 ahead of the more relevant barrier at June’s peak at 1.1853.
- As long as 1.1508 holds, the constructive bias should persist. On the downside, interim support aligns at the 21-day SMA at 1.1638 seconded by the short-term support line, today at 1.1625.
EUR/USD daily chart
Daily high: 1.1701
Daily low: 1.1669