EURUSD became stable after its climb on Tuesday

EUR/USD
EURUSD

On Wednesday EURUSD was traded within the small range of 55 pips. The Euro opened from 1.2574 and devaluated to 1.2518 yesterday, not corresponding with the positive MFS at around 15%, closing the day at 1.2528. This morning the Euro volatility was low, above the bottom of yesterday’s range.

The upward movement stopped and a wide range has appeared on the 3 hour chart. Any break above 1.2574 would be a sign for uptrend for the EURUSD. However, going below 1.2518 would be a trigger for downward movement with target of  1.2400.

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