EURUSD stays range bound albeit a modest bounce
![](https://www.orbex.com/blog/wp-content/uploads/2020/04/EURUSD-2004-750x430.png)
EURUSD managed to post a modest recovery into Friday’s close, rising 0.31%.
However, the currency pair remains range-bound within the corridor of the 1.0905 and 1.0787 levels for now.
The pullback after falling slightly lower shows the possibility of a retest of the 1.0905 level of resistance.
But price action needs to break out from this range to establish a short term direction in the trend.