May 1, 2017
EURUSD continued its sideways movement in a range between 1.0820 and 1.0950. Support is at 1.0820. As long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 1.0569 and further rise to 1.1000 area could be expected after the sideways movement. On the downside, a breakdown below 1.0820 support will indicate that the upward movement had completed at 1.0950 already, then the following pullback could bring price back to 1.0600 zone.
