EUR/USD - Moving Sideways
EUR/USD continues to move sideways within the range defined by the support at 1.1262 and the resistance at 1.1450. Another support stands at 1.1098, while another resistance can be found at 1.1534.
In the longer term, the symmetrical triangle favours further weakness towards parity. As a result, any strength is likely to be temporary in nature. Key resistances stand at 1.1679 (21/01/2015 high) and 1.1871 (12/01/2015 high). Key supports can be found at 1.1000 (psychological support) and 1.0765 (03/09/2003 low).