The common European currency has failed to decide on the direction of its further movement. It is still moving in a 200-point range.
Today’s speech by Ben Bernanke is going to be the event of the week.
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 1.4410 - 1.4387 range will determine the direction of the future movement once the price breaks and consolidates outside the range.
.jpg)
