Euro Moves Into A Tight Range

EURUSD

The euro has stabilized as price action remains within the confines of 1.0787 and 1.0663.

With the possibility of a double bottom in place near 1.0663, the bias is looking to the upside.

However, unless the range is breached, we do not expect to see much movement.

On the contrary, this could expose the downside risks near 1.0663.

About the Author
“John Benjamin Resident Analyst at Orbex. John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.” [space height="10"] At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading. Please Director at Visit our site for more details.

Leave a Reply

*