Looking at EUR/USD chart, we can see that after reaching as high as 1.114 on the 18th of March, a steady slow pullback took place, falling below the 1.11 range initially, struggling to consolidate in the 1.104 range falling lower, finding temporary support at the 1.096 range and was last found trading 1.1097range.
The closest overhead resistance level can be found at the 1.104 range. Today we can expect a short-term pattern continuation, leading to another pullback below the 1.096 closest temporary support level. If, however, it manages to consolidate at the current level, followed by a strong reversal move, then the case can be made for moving towards and above the 1.104 closest overhead resistance level.
