Investing.com – The days go by and look the same lately for the EUR/USD, which has been moving flat in a narrow range since the start of the week, little helped by a generally empty economic calendar, and especially by the has forex traders eagerly awaiting next week's Fed and ECB meetings to make clear decisions on the Euro Dollar.
An opportunity to take a step back and make a update on the technical background of the most popular Forex currency pair.
We first notice on the daily EUR/USD chart above that the currency pair is framed on the upside by a resistance zone formed by this week's high at 1.0780, the psychological threshold of 1.08, and the MA 100 days at 1.0807, and downside by last week's low at 1.0635, associated with the psychological threshold at 1.06.
On a break above 1.0780-1.0807, next targets will be the thresholds psychological levels of 1.09 and 1.10, and the annual high at 1.1095.
If, on the contrary, the EUR/USD continues to fall below 1.0635-1.06, it is the 200-day MA at 1.0514, s=the psychological threshold major of 1.05, and this year's low at 1.0480 which could be targeted.
EUR/USD: The trend remains uncertain, here are the thresholds to watch to see clearly   ;
