EUR/USD was flat in the Asian session. The pair has posted losses in the European session, breaking below resistance at 1.1734 and testing support at 1.1634.
1.1734 has switched to a resistance role as the pair has dropped to lower levels.
1.1634 is an immediate support role. EUR/USD is pointing to gains in short positions on Thursday, reversing the direction seen a day earlier. This is consistent with the pair’s movement, as the euro continues to post more losses. The ratio is showing a split between long and short open positions, indicative of a lack of trader bias towards where the pair is headed next.