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EURUSD trades in a narrow trading range

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The EURUSD is trading in a small 40 pip trading range. That is well short of the 86 pip trading range over the last 22 trading days (around 1 month of trading). There is room to roam. The price action is taking a breather....for now.

Looking at the hourly chart above, the high price today stalled near the 50% of the 2023 trading range near 1.07558. The downside has been skimming support near a swing low area between 1.0711 and 1.0724. The price is extending to a new sessio... Read More

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Eurusd

Trades

Narrow

Trading

Range

Forex

Posted: Feb 8 2023, 14:55

Author Name: forexlive

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