The EURUSD has been bouncing around in a modest 50 pip range for the last 48 hours. The cross has tested the top and bottom of the range but could not find the spirit or will to break above or below. The top of the range is at 1.2780 and the bottom is at 1.2730. A confirming 4hr candle below or above this range would be needed to confirm a break of the congestion. A push above the range favors a move up towards 1.2885 and a break below open the door for a push towards 1.2660.
Sup 1.2730 1.2660
Res 1.2780 1.2885
Keane Plan...Standing aside until a confirmed break of the current range between 1.2780 and 1.2730.
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