Yesterday, the EUR/USD currency pair traded sideways between the weekly S3 at 1.1275 and the 55-hour moving average, currently located at 1.1289. During Thursday’s morning, the pair continued to trade within the given cluster.
On the one hand, the exchange rate could surpass the given support level and go downside. In this case, the rate could surpass the psychological level at the 1.1260 mark.
On the other hand, the pair could continue to trade sideways within the cluster formed by the given support level, as well the resistance formed by the 100-hour SMA, the weekly S2 and the monthly PP at 1.1310
