The EUR/USD pair is trading sideways between a narrow trading range of 1.1990 and 1.1890 level. The lack of volatility is primarily due to the lack of market-moving economic events from the U.S. and European economies.

On the lower side, EUR/USD is likely to find support at 1.1899 level along with a resistance level of 1.1990. The 20 and 50 periods EMA are in support of a selling trend today.

On the lower side, a bearish breakout of the 1.1899 level can send the EUR/USD price towards the 1.1835 area. The MACD and RSI support a selling trend now; thus, we have opened a sell trade below the 1.1958 mark to target quick 40 pips. Good luck!