The EURUSD pair on the Daily chart is in a key support area, around 1.0510 level which has been tested in March 2013 and December 2015. The pair has been trading within a range from 1.0500 to 1.1600 since March 2013.
From this Key Support Area, a bullish trend can confirm the continuation of the sideways trade. On the other hand, a Bearish trend would break through the support area and reach below 1.0450s which would mean the lowest value of the EURO against USD in the past 13 years.
From this Key Support Area, a bullish trend can confirm the continuation of the sideways trade. On the other hand, a Bearish trend would break through the support area and reach below 1.0450s which would mean the lowest value of the EURO against USD in the past 13 years.