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Eurusd slowly slowly moving towards its resistance level after dropping after Brexit, but another good resistance can be seen at 1.12000 figure level. On daily chart, pair is still supported by 200 EMA and further upside movement can be expected this week. But, if pair breaks below to 1.11000 level, then pair will once again go in short bias and we can expect movement till 1.09.
Until pair is trading in between 1.11 and 1.12 level, my bias is neutral and I expect sideways movement.
Until pair is trading in between 1.11 and 1.12 level, my bias is neutral and I expect sideways movement.
