Technical Forecast for EUR/USD

EURUSD held 1.2850/40 as we remain stuck in a range. We are testing the upper end of the range now at 1.2965/75 which did hold yesterday as expected but a break higher today looks likely & targets the 200 day moving average at 1.3020/30. Watch for a high for the day here so we can exit longs & try shorts with stops above 1.3060.

 

Support at 1.2910/00 could hold the downside today but below here risks a test of yesterday’s low at 1.2850/40.