EUR/USD Range Break Pending.

The pair is nestled in a congestion area of old support and resistance levels. The range is currently 1.4050-1.4100. Based on average daily movements we can expect at least 90-100+ pips of movement outside of this this range.

Initial target for a downside break is 1.4000, beyond 1.3960 and 1.3920.

A push past 1.4100 would put the initial target at 1.4150 and beyond 1.4200 and 1.4225.

Forex Analysis by Dr. Sivaraman at ForexPros. com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check forexpros.com