EURUSD Chart Technical Outlook

EURUSD Chart Technical Outlook trades in a tight range, PMI data ahead

EUR/USD is moving in a tight range this week, developing a corrective structure of last week’s sell-off. The PMI data from Europe and the U.S. are due today. This can be a catalyst to extend the current wave (b) or print an upward leg c.

I don’t expect strong price action but more consolidation toward the end of the week. Resistances are located at 1.0750-80. Supports are found at 1.0670-85.

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