EURUSD: Intraday Outlook

As we know, the currency pair opened the trading week with a huge bearish gap (some 1800 points), thereby making another local low. Then it started consolidating within a relatively narrow price range. EURUSD seems to be planning another major move to surprise market participants. However, at this point it is difficult to say which direction the forthcoming price move will choose.

The chart below, courtesy of the SRP Department of , reflects the current state of affairs in the market of EURUSD. Still, the experts are offering the most probable scenarios for those who are fond of intraday trading.