The Euro has risen slightly during Monday’s trading session to show signs of life, as we continue to trade inside a narrow range. 1.12760 is support, while 1.12860 is a level of resistance. We’ll likely see more range-bound trading as long as we’re in this range, but we wouldn’t recommend taking a large position in the market owing to the risk of liquidity distorting things.
The Pivot Point at 1.12810 is placed between the lines of support and resistance, and the price is now above it. Horizontally, the EMA of 10 moves below the EMAs of 100 and 200 in a bearish manner. MACD histogram is in negative area with a downward signal, and the RRSI oscillates horizontally at 50 points. There is little movement in the Stochastic. It seems like the ADX is in a downturn.

• There is resistance at 1.12860, followed by resistance at 1.12910 and 1.12960.
• There is support at 1.12760 Below, there is 1.12710 and 1.12660.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

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