EURUSD TRADING IN NARROW RANGE
The euro continues to trade in a narrow range against the US dollar, with price remaining trapped in a symmetrical triangle pattern. The EURUSD pair is likely to remain cautious ahead of a speech from FED Chair Jerome Powell later today, and the release of the US monthly jobs report. Technical indicator remains neutral, although price-action on the EURUSD pair is currently bearish.
The EURUSD pair is bearish while trading below the 1.1300 level, key technical support is found at the 1.1270 and 1.1216 levels.
If the EURUSD pair trades above the 1.1360 level, buyers may test the 1.1400 and 1.1425 levels.