EURUSD: Sees Consolidation!
The outlook in EURUSD had turned neutral at the moment. Resistance comes at 1.1422 level while support comes at 1.1285 level. A sustained breakout – daily closing – above 1.1422 will turn outlook bullish to 1.1465 level. A halt is likely, it may test 1.1422 before attempts to break above 1.1465. Anyway; above 1.1465 aims 1.1537, further upside, resistance comes at 1.1608 level.
Stability above 1.1360 may push the pair to 1.1422 level.
On the downside, immediate support comes at 1.1285 level. A cut through support restores the downside momentum and opens 1.1215 level, further down, support comes at 1.1155 level.
Conclusion: The EURUSD sees consolidation move within 1.1285/1.1422 range.
Support: 1.1360, 1.1285, 1.1215, 1.1155
The European Central Bank will announce its benchmark interest rate and publish a rate statement at 12:45 GMT. President Mario Draghi will hold a press conference 45 minutes after the interest rate announcement.