- EUR/USD keeps the rangebound theme unchanged so far today despite the re-emergence of some selling bias.
- Extra gains remain limited by the 1.1223/31 band, where converge the 100-day and 55-day SMAs ahead of monthly tops near 1.1250.
- The inability of the pair to regain this area of resistance in the near term (the sooner the better) should encourage sellers to return to the market on a more convincing fashion, motivating spot to retreat to, initially, the 1.1100 neighbourhood ahead of 2019 lows near 1.1020.
Trend: Downtrend
Sources: https://forex-station.com (Chart) & https://www.fxstreet.com/news/eur-usd-t ... 1908120932 (Article)
