EURUSD is trading around 1.13 again despite yesterday's strength and push above 1.1350. Price got rejected at 1.1369 and is now turning lower again. In our analysis a few days ago we mentioned that during holiday season and as long as price remains inside the trading range, we prefer to be neutral.
EURUSD as shown in the 4 hour chart above got rejected at the upper trading range boundary. Price has support at recent low of 1.1274 and a break below it will increase chances of a push lower towards the lower range boundary close to 1.1230. We remain neutral as long as price remains inside this range.
