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.