Red lines- medium-term bearish channel
Blue lines- trading range
EURUSD is trading around 1.0225 inside a well defined trading range. The boundaries of the trading range were tasted over the last few days several times increasing their importance and reliability.At 1.0262 we find the upper range boundary which is key resistance. A rejection there could bring price back to its lower channel boundary at 1.0110. Until then traders better be patient. EURUSD justifies a bigger bounce towards 1.05-1.06. Will we see it?
