EUR/USD fighting to hold $1.13
Once again the sellers have driven EUR/USD back towards $1.13, and once again the area continues to hold as support. This narrowing range likely signals that significant volatility is ahead.
A close above $1.14 would be needed to suggest that a more bullish view has taken over. Meanwhile, the sellers have to break below the $1.125-$1.13 area to spark a deeper retracement.