The euro currency remains trapped in a tight range against the US dollar as traders scale back positioning ahead of the start of the G20 Summit. The four-hour time frame is showing that the EURUSD pair is currently trading within a neutral pattern. The pattern is highlighting that a twenty-five pip breakout move is likely once the EURUSD pair picks a directional bias.
If the EURUSD pair trades above the 1.1380 level, key technical resistance is found at the 1.1410 and 1.1440 levels.
If the EURUSD pair trades below the 1.1347 level, key support is found at the 1.1320 and 1.1290 levels.