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The euro currency rose briefly to test the 1.1900 technical resistance, but price was rejected quickly. This led to the downside opening up as EURUSD is pushing lower.

For now, the bias continues to remain mixed as the common currency still is firmly supported above the 1.1714 level.

Only a strong close below this level could confirm the downside further.

As a result, the currency pair could remain range bound within 1.1900 and 1.1714 for the near term.

How do you think the EUR will progress? If you feel confident enough, why not open an account and trade? 

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