EURUSD
The Euro trades within narrow range above fresh low at 1.0832 posted yesterday, with consolidation being so far capped at 1.09 zone, and negatively aligned near-term studies, showing limited upside.
The action is seen preceding final push towards key short-term support at 1.08 zone, multi-month congestion low.
However, caution is required as daily studies are overextended and slow Stochastic is entering oversold zone.
Falling daily 10SMA offers strong barrier at 1.0960, followed by bear-trendline off 1.1712 peak that maintains descend and lies at 1.10 zone. Extended rallies should be capped here, to prevent attempts for stronger correction.
All eyes are turned on today
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