Tradeciety

EUR/USD - not tradable

FX:EURUSD   Euro Fx/U.S. Dollar
59 0 0
A look at the daily EURUSD             chart immediately shows that this pair is not tradable at the moment. The consolidation is getting smaller and smaller. The DXY             is showing the same behavior - a very tight range between a trendline and a resistance area . The Euro Futures             are also trapped in a very narrow range.

Keep in mind that both, the USD and the EUR have been strengthening over the past weeks with the uncertainty in the world. Two relatively strong currencies trading against each other lead to sideways price behavior.

For now, don't bother looking at the EUR/USD             . It's too easy to get caught up in the fighting for a few points on the narrow range.
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