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EURUSD Range Bound Trading Persists

The euro currency is confined to range-bound trading conditions against the US dollar after buyers failed to break the 1.1730 resistance level for a fourth consecutive day. Sellers need to break the 1.1650 support level with conviction while buyers need to break the 1.1730 level. A bullish ascending triangle pattern has also now been formed across the lower time frames.

The EURUSD pair only bullish while trading above the 1.1700 level, key resistance remains at the 1.1730 and 1.1750 levels.

If the EURUSD pair moves below the 1.1650 level, key support is found at 1.1617 and 1.1600 levels.

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