EUR/USD: neutrality is in place until a catalyst appears

The EUR/USD remains neutral in the short term in a trading range. The medium-term underlying trend remains bearish. We will watch the two limits of this trading range: 1.13 up and 1.12 down. The trading range is a continuation pattern, so the probability of the pair exiting at the bottom of this pattern is greater than a reversal to the upside.

MEDIUM-TERM FORECAST
Given the key chart factors we have mentioned, our medium-term view on the pair is neutral.

We will maintain this neutral view as long as the EUR/USD is positioned between support at $1.1200 and resistance at $1.1360.