Euro trades at a narrow range in the European session on Monday, extending greater directionless condition to the second week.
A slight negative bias is expected, while price negotiation remains below bearish adjusted daily MAs, but other studies are neutral, keeping the downside limited.
First directional signals could be expected below range (1.0766) downwards, while upper pivot points were at 1.0819 (10DMA) and 1.0841 (20DMA), and breakage higher would shift near-term focus higher, but reach over range (1.0896) is needed to revive bulls.
Res: 1.0819, 1.0841, 1.0860, 1.0896
Sup: 1.0788, 1.0766, 1.0740, 1.0727