FX:EURUSD   Euro Fx/U.S. Dollar
80 0 2
Don't get too caught up in the intraday moves in the EUR/USD             . Taking a look at the Daily timeframe shows that the range has been tightening.Price has been hovering between 1.099 and 1.08 - with one failed breakout - for the past weeks.

Both EUR and USD saw some strengths recently after the FED rate hike in the US and the safe-haven flows in the EUR. Keep in mind that whenever you have two strong currencies, the currency pair will be ranging.

A look at the 4H chart shows a lot of imminent resistance to the upside. This pair is clearly a pass at the moment until the fundamentals change and/or when a technical shift has happened.

snapshot
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