EURUSD stays range bound albeit a modest bounce

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EURUSD managed to post a modest recovery into Friday’s close, rising 0.31%.

However, the currency pair remains range-bound within the corridor of the 1.0905 and 1.0787 levels for now.

The pullback after falling slightly lower shows the possibility of a retest of the 1.0905 level of resistance.

But price action needs to break out from this range to establish a short term direction in the trend.

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


or practice on DEMO ACCOUNT

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