EURUSD drifts sideways within range

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The EURUSD currency pair is trading rather flat as prices remain caught below the level near 1.0905.

The initial downside breakdown below this level saw prices pushing lower.

However, the euro currency failing to reach to the lower end of the range at 1.0787 saw prices retracing higher.

If prices break out above the upper level of 1.0905 then we expect prices to regain the upside momentum.

Alternately, EURUSD could continue to remain within range.

How do you think the EUR will progress? If you feel confident enough, why not open an account and trade? 

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or practice on DEMO ACCOUNT

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