EURUSD is trading above 1.13. Price remains trapped inside the trading range of 1.1225 to 1.1370. Price has made no real progress today. There is still no trading signal from EURUSD, traders need to be patient.
Black lines - Fibonacci retracements
EURUSD is a bit lower today relative to yesterday but price has not provided any trading signal. As long as price is trapped inside this trading range, traders better be patient and wait. Price reached very close to the upper range boundary and is showing signs of rejection. If bulls manage to break above 1.1370-1.1380, we should then expect more upside towards 1.1415-1.1440.
