Euro chart through GS, one for the Elliot Wave of us, the financial institution says the vary is fairly well-defined:
EURUSD has spent nearly all of (final) week monitoring under a trendline off the highs from Apr. ’18 at 1.1412
The realm between 1.1412 and 1.1453 encompasses a number of pivots; specifically the Apr. ’18 downtrend and an ABC off the lows. Given the corrective nature of worth motion since November, that is simply one other place from which the market may reverse again into its vary. Furthermore the 200-dma is true above there at 1.1507; which hasn’t been breached since late-April/early-Might ’18. Must see a break greater than there to essentially see traction above. As for assist, vary lows stand down at 1.1290-1.1234. View: Up in opposition to vary resistance 1.1412-1.1453; with assist all the way in which down at 1.1290-1.1234. Want above 1.1507 to contemplate the potential of a extra significant advance.