Blue lines- trading range
EURUSD is trading around 1.0935. For the last two weeks price has made no real progress as it mostly moves sideways inside a trading range. Price is trading between 1.0920 and 1.1050. With price now trading close to the lower range boundary, we prefer bullish positioning with stops placed around 1.0910-1.0920. As long as we trade above this level, bulls have hopes for another move higher. There is no clear trend in the near term, but so far support levels are being respected.