Quick idea.
After rebounding nicely from the 1.0989 hurdle, the pair is now close to its key resistance, at 1.1093. We need a break and a close above that barrier first, before examining a possible move further north. But if that barrier continues to hold and the rate slides back down, this would confirm that EURUSD is in wide range right now, roughly between the 1.0989 and 1.1093 levels.
Please see the chart for details.
Don't forget your stop-loss.
After rebounding nicely from the 1.0989 hurdle, the pair is now close to its key resistance, at 1.1093. We need a break and a close above that barrier first, before examining a possible move further north. But if that barrier continues to hold and the rate slides back down, this would confirm that EURUSD is in wide range right now, roughly between the 1.0989 and 1.1093 levels.
Please see the chart for details.
Don't forget your stop-loss.
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.