Yesterday the common European currency came out of the 1.4387-1.4410 range. However this morning it came back into the range.
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 market reaction to the mentioned 1.4387-1.4410 range will help to determine the destination of the future price movement as its borders are formed by 2 major volume clusters (over 18000lots each).
