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EURUSD stays in a trading range

Discussion in 'Technical Analysis' started by ForexCycle.com, Aug 7, 2014.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    EURUSD stays in a trading range between 1.3333 and 1.3444. As long as 1.3444 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3700, further decline to 1.3200 area could be expected after consolidation. However, a break of 1.3444 resistance will indicate that the downtrend had completed at 1.3333 already, then the pair will find resistance around 1.3550.


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