$EUR is trading around 1.1812, holding slightly above the MA60 (1.1815 area), showing short-term consolidation after bouncing from the 1.1768 daily low. The pair remains range-bound between 1.1765 support and 1.1825 resistance. Momentum is mildly bullish on the intraday timeframe, but overall movement remains slow and stable as expected from a fiat-backed pair. A clean breakout above 1.1825 could push price toward 1.1850, while rejection from this level may bring another retest of 1.1780 support. Volume is moderate, so breakout confirmation is necessary before aggressive entries.
Entry Point: 1.1795 – 1.1810
Stop Loss: 1.1765
Exit / Take Profit 1: 1.1825
Exit / Take Profit 2: 1.1850
If price closes strongly above 1.1825, bullish continuation is likely. However, a drop below 1.1765 may shift short-term momentum bearish toward 1.1730.