EUR/USD: Range Trade When?


Currently we are 1.1074 in a nice range. Two scenarios: Bullish: a move to the 0.214 Fibo at 1.1390 area Bearish: A break down here to the 0.786 Fibo at 1.0965. When is the question! The average daily true range (ATR) for the pair currently is 131 pips.

EUR/USD 4 Hour Chart

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