Consolidation continues on the EUR/USD

On the daily chart of the EUR/USD se can see that the pair has stayed in a range between the 1.1000 level and the 1.1100. The size of the real bodies of the last few candles is relatively small, which is an indication that the pair has been very undecided and after the formation that looks like a symmetrical triangle, the price may break out in any direction. To the upside, the next important resistance is the zone around the 200 day exponential moving average, blue line, around the 1.1177 level, but we also have the 1.1200 level around that zone, which could also contribute for that zone to become a good resistance. To the downside, the only important support at the moment is the 1.0900 area.