The single currency of the European Union region fluctuated in a narrowly bearish range during the Asian session as the G20 summit awaited
At 0537 GMT, the EURUSD dropped 0.08% to 1.1386 compared to the opening at 1.1396
Technical Analysis
EURUSD is showing a further bullish upward trend gradually approaching our target at 1.1443. As noted in our recent reports, breaching this level will push the price to visit 1.1565 as the next major station.
In general, we continue to favor the bullish trend over the coming period unless the 1.1320 level is broken and stability below it.
The trading range for today is expected among the key support at 1.1320 and resistance at 1.1480.
The general trend for today is bullish.