The euro currency is firmly entrenched in a sideways range with last Friday’s price action bouncing off the 1.1261 level.

Price action continues to drift sideways amid a lack of any clear direction.

Above the 1.1347 upper range, the common currency will be met with the next key resistance level near 1.1400.

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Only a strong breakout above this level will signal any signs of an uptrend taking shape.

To the downside, below 1.1261 is the lower support level near 1.11684 that might come into the picture in case of a move lower.

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