Technical outlook and chart setups:
The EUR/USD pair is drifting sideways now and remains unchanged from yesterday, testing the 1.1200 levels. Please note that the pair could still push higher through the resistance line at the 1.1350 levels, before turning lower. It is hence recommended to remain long for now with risk at the 1.1100 levels. Immediate support is seen at 1.1100 levels followed by 1.1000 and lower, while resistance is seen at 1.1350 levels followed by 1.1450 and higher respectively. Bulls remain in control till prices stay above the 1.1100 levels.
Remain long for now, stop is at 1.1100, target is open.
The material has been provided by InstaForex Company – www.instaforex.com