EUR/USD: Sellers remain on the sidelines for the time being

EUR/USD has gone into a consolidation phase above parity. As FXStreet’s Eren Sengezer notes, euro bears remain hesitant.

1.0080 aligns as next resistance 

“In case safe-haven flows dominate the financial markets in the second half of the day, EUR/USD could stay under bearish pressure.”

“On the upside, 1.0080 (Fibonacci 38.2% retracement, 100-period SMA) aligns as next resistance before 1.0130 (Fibonacci 50% retracement) and 1.0145 (200-period SMA).”

“Supports are located at 1.0020, 1.0000 (psychological level, static level) and 0.9980 (50-period SMA).”