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EUR/USD seems to be stuck in a bit of a range at the moment, doesn't it? Looking at the daily chart, it's been hovering between 1.18 and 1.19 for a while. RSI is neutral, so no strong signals there. I'm thinking a breakout is inevitable, but which way?
Update: I'm thinking the 50 SMA at 1.18468 might be a key level to watch. If it breaks above that, we could see a push towards 1.1850. But if it fails to hold, maybe a retest of the lower Bollinger Band? Just my thoughts, not financial advice of course!
