EURUSD SHORT

The EURUSD daily chart remains biased upward, and the immediate outlook is neutral to bullish this week, but be prepared for a minor retreat or consolidation around 1.1680-1.1700 before the next wave upward.

Key Indicators

• Possible modest pullback to attract late buyers and correct imbalances.

• Supported by a downward-sloping moving average.

Fundamental Context

EURUSD is consolidating near 1.1730 following a pullback from its recent peak. The currency pair is trading in a narrow range in the early European session, as traders and investors await fresh manufacturing data.