Xstreet.com (Buenos Aires) – Despite stocks remain in positive territory, EUR/USD is unable to break the range where the pair has been trapped since early Europe. Consolidating between 1.4200/1.4260, pair is moving inside a small consolidation channel in 4 hours charts, usually understood as a continuation figure.
A confirmation above 1.4266 yesterday’s high could trigger some upside momentum and send the pair to the 1.4300 zone, while under 1.4200, next support comes at 1.4160 area. Taking a look at 4 hours charts, past 6 candles have been dojis, showing how much uncertainty the market have today. Clear breaks and confirmations are not seen at this point.
