EUR/USD seems to have gone into a consolidation phase. The pair is set to move sideways awaiting a fresh catalyst, in the view of analysts at OCBC Bank.
Sideways.“Daily momentum remains bullish though rise in RSI slowed. Sideways trade likely in absence of a fresh catalyst.”“Immediate resistance at 1.0010 (50 DMA), 1.0050 levels. Support at 0.9890 (21 DMA), 0.9860 levels.”
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