EUR/USD: the pair returns to its range area

The pair is back in contact with the upper border of its trading range.

The EUR/USD continues to move sideways in the trading range. The underlying momentum remains bearish. We must wait for the breakout to the upside or the downside to see a new dynamic.

MEDIUM-TERM FORECAST

Based on the key chart factors we have mentioned, our medium-term view on the EUR/USD remains neutral.

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