Since Tuesday, the EUR/USD currency pair has been trading sideways within the 1.2100/1.2140 range.
It is likely that the exchange rate could gain support from the 55-hour moving average near 1.2120. Thus, the rate could re-test the 2020 high located at the 1.2177 mark.
On the other hand, the currency pair could be pushed down by the 100-hour moving average near 1.2130. In this case the pair could face the support formed by the 200-hour SMA and the weekly PP circa 1.2070.
