The EUR/USD has settled beneath 1.1700, getting settled in a higher range yet not going anyplace quick. There is a motivation behind why it is stuck there, yet a break can send it shooting higher.
The Technical Confluences Indicator demonstrates that the EUR/USD is stuck around the 1.1680 which is the thick bunch of levels including the Simple Moving Average 100 60 minutes, the Fibonacci 61.8% one-day, the Fibonacci 23.6% one-week, the SMA 50-15m, the SMA 10 60 minutes, the Bolinger Band one-hour Middle, the SMA 5-one-day, and the SMA 100-one-day.
Looking into, feeble obstruction anticipates at 1.1728 where we see the Pivot Point one-week Resistance 1, the Bolinger Band one-day Upper, and the one-day high.
The following upside target is 1.1795 where we see the Pivot Point one-month Resistance 1.
Looking down, there is some help at 1.1649 which is the union of the SMA 50-4h, the Fibonacci 38.2% one-week, and the one-day low.
Lower, extra help is at 1.1606 which is the gathering purpose of the Fibonacci 61.8% one-week, the SMA 50-one-day, and the Fibonacci 161.8% one-day.
With everything taken into account, the easy way out is up.
Here is how it looks on the tool: