EURUSD shows ranging action with neutral bearish bias on intraday charts. Strong German retail sales data failed to propel the pair above 1.1215 zone which shows high selling interest for the pair. On the chart below we can see that follows a typical range L3-H3 play, while MACD is still bearish. That indicates sell into rallies mode and any pullback towards 1.12250-45 zone could be deemed as another chance to short. If EURUSD breaks 1.1260 then we must not exclude another 1.1300 test.
At this point interim support is 1.1150 and if it breaks the pair should proceed to test 1.1100 and 1.1085 region. To the upside 1.1192 is interim resistance followed by 1.1205 and 1.1225-1.1245 strong intraday supply zone.
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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