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EURUSD Tests Range Boundaries
EURUSD has traversed the full range of this recent consolidation period. On Sunday, I pointed out how a daily close above the 1.1430 area would likely turn the pair bullish. But as you can see, buyers hit a wall on Monday and weren’t able to recover. That is until today. Euro bulls have a long way to go, but so far they’ve stepped in at the 1.1300 support area and are up 50 pips on the day. So although EURUSD has been incredibly choppy, the pair is still respecting the range boundaries we’ve been discussing for several weeks. This is an excellent time to remind ourselves of the importance of staying flexible. ... (full story)
