EURUSD is just above 1.13 after reaching as high as 1.1344 last week. Price remains trapped inside the trading range we mentioned before and is valid since the end of November. Key resistance remains unbroken at 1.1370 and as long as this is the case, price will be vulnerable to more downside.
EURUSD is turning lower after getting rejected at 1.1350. Price is vulnerable to another push lower towards the lower trading range boundary close to 1.1235. Trend remains neutral as price continues to trade sideways. Traders better be patient and wait for a break out before choosing sides.
