EUR/USD confined to a 30 pips range - FXStreet

By FXstreet.com | August 18, 2014 AAA

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik remarks that the EUR/USD is trading lower in a tight range on Monday, despite the positive EU trade balance data released in the European morning.



Key quotes



"Unchanged since previous updates, the hourly chart shows 20 SMA flat above current price, while 100 and 200 ones stand flat in the 1.3370 area, below current price."



"In the same time frame, indicators head slightly lower below their midlines, limiting advances in the short term."



"In the 4 hours chart the pair maintains a neutral stance, with the expected range still being 1.3330/1.3440."



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