Hey Traders,

euro has gone exactly nowhere in the last week trading within a small range, closing citually unchanged for the week and only 40 pips away from a close 7 weeks ago. There are no revolutionary technical developments beside some channels and moving average catching up to price action that will likely be budging this in either direction:

eurodaily3

Highlighted levels are the one I will be watching for clues as well as the current wedge and fib levels. With key level being right beloe 50ema daily at 1.377s - multiple time s/r level.

As always will keep posting key levels in daily reviews and intraday via Twitter @esecfutures

Cheers

Vlad