EUR/USD : The pair declined to 1.09 and is continuing its consolidation phase

The EUR/USD pair moves back below 1.09 this afternoon, but it is mainly the consolidation phase which lasts.

In fact, the Euro is finally getting back after having blocked below 1.0950, remaining in the range 1.0825/1.0950 to approach the weekly close.

An exit of this range remains necessary, therefore, to observe a possible direction of short-term more clear, with immediate targets at 1.1000 on the rise and 1.0770 to the downside.

The pair EUR/USD is currently trading at 1.0895 on the Forex.

Chart EUR/USD H1

See also our charts EUR/USD in real time.

This chart has been realized with the trading platform TradingStation 2 provided by FXCM France.

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