The common currency was seen closing the day with some modest gains. This came despite the ongoing political turmoil in Italy. The euro was seen brushing aside concerns as the Italian government could be facing down a no-confidence vote sometime soon.
EUR/USD Trades Flat at the Moment
The currency pair has been trading in a rather tight range over the past few days. A sideways range has been established within 1.1185 and 1.1250. This flat price action could potentially see a breakout in the near term. The bias is still to the upside. But a convincing break out is required for the euro to push higher. The next main target is seen at 1.1340.
