The Euro currency posted modest gains after consolidation near the technical support level of 1.0818.
The price action is a bit bullish at the moment, but the bias doesn’t change unless the EURUSD breaks above the 1.1000 resistance level.
In the short term, this could put the currency pair at risk of disadvantage.
However, as long as the support level near 1.0818 holds, we expect a step closer to the 1.10000 resistance level.
The slightly bullish deviation from the Stochastics also adds to this view.