EUR/USD is shifting sideways in a slender band above 1.1400. According to FXStreet’s Eren Sengezer, the correction may want to lengthen with a drop beneath 1.1400.
Initial resistance considered at 1.1430
“The first help aligns at 1.1400 (ascending style line, psychological level). In case a four-hour candle closes beneath that level, the correction ought to prolong towards 1.1380 (static level) and 1.1350 (100-period SMA).”
“Resistances are placed at 1.1430 (20-period SMA), 1.1450 (static level) and 1.1480 (two-month excessive set remaining week).”