EURUSD RANGE BREAK LOOMS
The EURUSD pair is currently moving in a tight trading range, ahead of a key note speech from European Central Bank President Mario Draghi, who is speaking today, at the Lindau symposium, in Germany.
After falling sharply from the 1.1828 level, the euro is now trading between the 1.1745 to 1.1773 zone, with a technical range break-out looming.
The EURUSD pair remains neutral in the short-term, with a slight negative intraday bias whilst trading below the 1.1770 level.
Key technical intraday support is found at 1.1731, 1.1713 and 1.1680. Higher time frame price closes below the 1.1713 level are now needed to accelerate the euro's downside.
Key intraday technical resistance for the EURUSD pair is found at 1.1770, 1.1783 and 1.1789. Higher time frame price closes above the 1.1789 level are now needed to accelerate the euro's upside.