The EUR / USD pair rose in the Asian trading session narrowly affected by the European holiday and no news of the day
As the EURUSD opened the Asian session at 1.1382, recording a high of 1.1416
The markets are currently looking for the US economy to release housing data with the S & P House Price Index reading, which may show a slowdown in growth to 4.8% versus 5.1% last September, before we see the Richmond Industrial Average reading which may reflect Extending from 16 to 14 last November.
Technical Analysis
The EUR / USD pair is trading in a narrow range affected by the holiday of financial markets. Therefore, the bearish scenario will remain intact, which depends on stability below 1.1443, while its main targets are 1.1300 and 1.1181.
Stochastic is in a bearish direction towards the oversold area in a sign of bearish movement. While we expect the upper movement of the price for the moving averages that are currently moving under the price but does not provide any clear signals in light of the low liquidity from the market as a result of the holiday
The trading range for today is expected among 1.1300 support and 1.1443 resistance
Support and resistance:
Support: 1.1341-1.1300-1.1210
Resistance: 1.1386-1.1443-1.1500
The general trend for today is bearish