EU Daily Analysis

Daily: The price has consolidated within the range of 1.165 & 1.1725 as it failed to breach the resistance. It is expected to retest the support at 1.165 region to further confirm the move.

4H: The price has shown several bearish signal after it reach the 1.1725 level. The price would have to retest the support at 1.165 for more confirmation. The price is currently consolidating on 1.1675 on a smaller TF.

1H: No clear signal, the price seems to be in a range. More confirmation is need on 1.165.