ISSN: 2056-3736 (Online Version) | 2056-3728 (Print Version)


EUR/USD moved sideways in a range between 1.0462 and 1.1052. As long as 1.1052 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3993 (May 8, 2014 high), another fall towards 1.0000 is still possible after consolidation. Key resistance is at 1.1533, only break above this level could signal completion of the downtrend.


By Theodoros  Batsoulis
Technical Analyst
Risk Market