There is a lack of direction in this currency pair.
I wrote last Monday that the price was probably going to be quiet and directionless over the day. I expected that the price would remain betweenThere has been little change to the technical picture in this currency pair since Monday. The former support level at $1.3512 and resistance level at $1.3552 have been invalidated. The price is basically consolidating just above the big round number at $1.3500 and is bound by a range between $1.3458 and $1.3587.
I think the price movement within the range will be choppy, so I would refrain from trading this pair today except from a bullish reversal at $1.3458 or a bearish reversal at $1.3587.Top Forex Brokers
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