EUR/USD still caught in containment range

Author: Sean Lee | Category: News

EUR/GBP made a very bullish move above .8940 last night and is now targeting chart highs and Fibo resistance near .9130. EUR/AUD made some strong gains also but EUR/CHF and EUR/JPY fell on the general risk aversion mood. All of this together adds up to range trading in the EUR/USD and this present phase between 1.4750/1.4900 looks like classic consolidation of a strong bull trend.

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