During the previous trading session, the EUR/USD currency pair continue to trade sideways around the psychological level at 1.1370.
Note, that the pair is supported by the 55– and 100-hour SMAs, currently located at 1.1368 and 1.1376 respectively. Thus, some upside potential could prevail in the market, and the pair could target the monthly R3 at 1.1410.
However, note, that the market participants are focused on G20 summit today. Thus, the exchange rate could continue to trade sideways, supported by the given moving averages.
It is unlikely, that the rate could drop lower than the 1.1337 mark due to the support of the monthly R2.
