This pair is in a range and I expect it to continue in a range for few more weeks, however; looking at the monthly chart i think the uptrend for the EUR is over and we could see a downward move in EUR for quite some months
Hi there, can you expand on why you think this pair will continue in a range for the next few weeks?
shaunb381
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@asferruzzi, Nothing significant is happening until next week friday (USA GDP) and to my eye price is consolidating and forming a triangle on the daily chart and the triangle has more space to build pressure in one direction or the other direction