The EUR/USD has stayed in a tight range of 1.1820-1.1778 and is trading sideways while waiting for the news that will push it to trade outside towards higher or lower levels. In case of a break up, resistance above the high of the range is located at 1.1848 and 1.1870. If the pair instead breaks down, then support levels at 1.1763, 1.1747, and 1.1726 might get revisited. Have a great day!
{quote} will see how strong bear is, closing this hour below 1804 is more bearish, but i have weekly pivot 1794 and 1784-87 area as support. 1760 my ultimate for today. If we closed below may indicate a breakout below
{quote} Its early yet but waiting for the same...if not bull
{quote} If we get there not sure if i should try buying at 1760, i missed 173x on Monday
{quote} I see 1760 low enough. Any of my attempts around 1795 failed to take out the high. Traders wait for the PCE at Friday. Here goes all the week doing nothing.
Is it just me who feels like the market has been very indecisive over the last two days? There's a lack of "big boys" who will come in and play this game by moving the market. Maybe the German IFO Index will pour some fuel this morning in a few minutes
{quote} Just came in below forecasts. Might drop to 1763 now.
