EURUSD Trading in a Tight Range

 

 

The pair has traded in a narrow 50 pip range so far on Wednesday.  The cross seems content to consolidate around the 1.2850 area.  The long as the pair remains above the 1.2850 level favors a push higher.  Resistance begins around 1.29 followed by the descending trend line near 1.2990.  A break from this level favors the .382 fib from last months accent at 1.2742.

Sup    1.2820       .382 Fib   1.2742

Res     1.29                              1.2990/30

Keane Plan....Watching the price action around 1.2850.

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