EUR/USD: Range-bound movement in line with its current consolidatory technical overview
But that’s set to change with tomorrow’s Fed announcement and plenty of significant US data this week.

EUR/USD Technical analysis, overview, strategies, and levels
Low-impacting Eurozone data wasn't expected to cause much movement for this pair's price, where the money supply grew at a slower than expected pace and private loans remained unchanged. And while there's a dearth of Eurozone data today followed by German inflation and employment data tomorrow, the real focus for this pair and other USD-related pairs will be tomorrow's US Federal Reserve's monetary policy announcement tomorrow preceded by other significant US data. That means technicals will continue to hold less relevance going into these events, though as it stands the overview on the daily isn't that far off the weekly's outlook showing ongoing consolidatory and range-bound movement, even if its Average Directional Index (ADX) is showing a propensity to trend on the daily.
Current Technical Overview | Consolidation |
Technical Overview Conformist Strategies | Sell 1st Resistance After Reversal, Buy 1st Support After Reversal |
Technical Overview Contrarian Strategies | Buy 1st Resistance Upon Breakout From Below, Sell 1st Support Upon Breakout From Above |
S/L for 2nd Resistance | 1.1182 |
2nd Resistance | 1.1166 |
S/L for 1st Resistance | 1.1149 |
1st Resistance | 1.1132 |
Relative Starting Point | 1.1099 |
1st Support | 1.1066 |
S/L for 1st Support | 1.1049 |
2nd Support | 1.1032 |
S/L for 2nd Support | 1.1016 |
IG client and CoT sentiment for EUR/USD

EUR/USD Chart with retail and institutional sentiment

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