EURUSD is still moving in a range. First the situation was favorable for the common European currency but then the price got back into the range, thus suspending the growth.
Today’s US economic reports are to come out at 14:00 and 14:30GMT.
For today’s American session the Department of Volume Analysis of has defined the following trends:
The mid-term trend of EURUSD: consolidation
The short-term trend of 6ЕU1 (EURUSD futures) is the following:
The current key point is 1.4443, one of the biggest volume clusters (45000 lots). If the price consolidates below it, there is a chance of another rally. Otherwise, if the bulls fail to overcome the resistance, the price will decline.
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