EUR/USD Begins to Consolidate a Significant Neutral BiasEuro / U.S. DollarFOREXCOM:EURUSDFOREXcomOver the last three trading sessions, EUR/USD has shown a variation of just 0.25%. For now, a consistent neutral bias prevails in the short term, as the market continues to digest recent comments from central banks. Attention is now turning to upcoming employment and inflation data, which will be key to gaining a clearer perspective on future monetary policy decisions. In the absence of concrete catalysts this week, neutrality has taken hold and could remain a relevant factor in shaping market movements in the coming sessions. A Neutral Range Emerges Recent fluctuations have begun to establish a more defined sideways range, with resistance near 1.18043 and support around 1.14357. So far, short-term movements have not been strong enough to break this structure. Unless a sustained increase in volatility occurs, this lateral formation is likely to remain dominant in the upcoming trading sessions. Technical Indicators RSI: this neutral environment is also reflected in RSI movements, which currently hover around the neutral 50 level. This signals an ongoing balance between buying and selling pressure across the last 14 sessions. The indicator suggests that a neutral bias has settled into the chart and could continue to influence price action in the absence of major economic data releases. MACD: the MACD histogram continues to oscillate around the 0 line, indicating that a neutral sentiment also dominates in the average strength of moving averages. Key Levels to Watch: 1.18043 – Main Resistance: corresponds to the recent highs in price action. A sustained breakout above this level could reactivate a previously broken uptrend line. 1.14357 – Near-Term Support: aligns with the Ichimoku cloud and the 100-period simple moving average, making it an important reference for potential downside corrections. 1.10768 – Critical Support: a level not seen since May of this year. A decline toward this area could trigger a stronger bearish bias, opening the door to a more extended downward trend. Written by Julian Pineda, CFA – Market Analyst