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EURUSD Drifts Sideways Within Range

Posted On 21 Apr 2020
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The EURUSD currency pair is trading rather flat as prices remain caught below the level near 1.0905.

The initial downside breakdown below this level saw prices pushing lower.

However, the euro currency failing to reach to the lower end of the range at 1.0787 saw prices retracing higher.

If prices break out above the upper level of 1.0905 then we expect prices to regain the upside momentum.

Alternately, EURUSD could continue to remain within range.

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.

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