The volatility of EURUSD has shrunk in the last few sessions
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The volatility of EURUSD has shrunk in the last few sessions, while the pair keeps holding the 1.1000 support mark. The first resistance is at 1.1060 (Fibonacci retracement), and if this is surpassed the pair could attempt a new rise to 1.1090/1.1100 (200-day moving average). Above this level the pair could push towards the 1.1198/1.1200 mark (Fibonacci retracement). If the pair falls below the 1.1000 mark we could see a slide to 1.0940 (major Fibonacci retracement), and below this level the pair could slump to 1.0780 (Fibonacci retracement).
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The volatility of EURUSD has shrunk in the last few sessions, while the pair keeps holding the 1.1000 support mark. The first resistance is at 1.1060 (Fibonacci retracement), and if this is surpassed the pair could attempt a new rise to 1.1090/1.1100 (200-day moving average). Above this level the pair could push towards the 1.1198/1.1200 mark (Fibonacci retracement). If the pair falls below the 1.1000 mark we could see a slide to 1.0940 (major Fibonacci retracement), and below this level the pair could slump to 1.0780 (Fibonacci retracement).