Forex Trading Library

EURUSD Maintains Sideways Range

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The euro continues to trade flat, slipping to previous session lows of 1.0829.

However, prices rebounded slightly off this same level. The overall price action in the EURUSD remains flat, trading between the 1.0905 and 1.0787 levels.

Unless there is a strong breakout from this region, prices could remain flat.

The downside bias is starting to shift, as the Stochastics oscillator indicates a possible move higher.

But, for this to happen, EURUSD needs to break out above 1.0905 resistance level.

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