EURUSD: Consolidates With Downside Bias…
No change, as long as 1.1370 resistance holds on a daily closing basis, the EURUSD remains neutral with risk to break lower. Support comes at 1.1285 level. A cut below support restores the downside momentum and opens 1.1215, further down, support comes at 1.1155 level.
On the upside, resistance comes at 1.1370 level. A break will open 1.1422. it may test 1.1370 before attempts to move higher. Anyway; above 1.1422 aims 1.1465 level, next resistance comes at 1.1537 level.
Conclusion: The EURUSD sees downside risk below 1.1370 level in the short-term outlook.
Support: 1.1285, 1.1215, 1.1155, 1.1080
Resistance: 1.1370, 1.1422, 1.1465, 1.1537