Euro remains under pressure

The single currency is trading in a narrow range against the US dollar. The strong position of the US dollar after Friday’s statistics on employment in the United States is the main reason for such a movement of the EUR/USD pair. See the analysis of the American session. Also, the pair is affected by mixed data on business activity in Germany and the Eurozone. See the news of the market.

Technical analysis: The EUR/USD is moving in a narrow range, gaining significant support in the psychology area 1.1600. The main resistance levels are the levels of 1.1635; 1,1673, which correspond to the levels of 23.6 and 38.2 along Fibonacci lines on H1. Support levels are considered at the marks 1,1573; 1.1530.

The main recommendations: buy entry is started from the levels 1,1573 and 1,1530; sale entry is started the levels 1.1635; 1.1763.

Fig.  EUR/USD current price – 1,1610

Alexander Sivtsov