The EURUSD pair is trading below its downward trend and its 50 day (shown in green) and 100 day (shown in yellow) moving averages on a 30 minute time frame. The price action has violated its minor support zone (mentioned below) which is no longer valid. The volatility for the pair remains low as the price is trading within the Bollinger band and close to its 20 day moving average.
The RSI is the only indicator in our analysis which is suggesting that the bias could be towards the upside as both the RSI and the price action are trading in line with each other.
1.2969-1.2952 Minor (Not Valid)