EURUSD → Interim contention emerges around 1.0645

[tradingwithmike]

EURUSD trades in an inconclusive fashion around the 1.0700 region on Thursday.

In case the downward bias picks up extra pace, the 55-day SMA at 1.0645 should offer temporary contention prior to the weekly low of 1.0495 (October 13).

In the meantime, while below the 200-day SMA at 1.0801, the pair’s outlook should remain negative.