Chart of the Day – EURUSD Price is Consolidating

The price have been consolidating for the past two days or so. So we might soon see a retacement up in Euro prices. But at the moment we can see some good resistance at 1.0820 region on the upside even though France & Germany posted bettter than expected Manufacturing PMI, price needs to close above this area to get a possible short term move up. On the downside the price looks to find a support at 1.0776 so a break below will further open the door for Euro move downwards to 1.07 handle.