EUR/USD Stalls at 200-Day EMA After Holding Above 1.1550
EUR/USD traded in a narrow range on Tuesday, dipping but holding above 1.1550 before grinding back to the 1.1600 handle, where it stalled at the 200-day exponential moving average.
EURUSD
Since the weekend's deal headlines, EUR/USD has gone almost nowhere. Tuesday's session repeated the pattern: a dip that found support above 1.1550, a slow grind back toward the 1.1600 level, and a hard rejection at the 200-day exponential moving average (EMA).
The pair remains locked in a tight range as traders await further catalysts. The 200-day EMA continues to act as a key resistance, while the 1.1550 area provides near-term support.
Source: FXStreet Forex News