Three hours before the end of the Asian session, the EURUSD failed to find a direction and remained in a very tight consolidation. The price remained locked between 1.1697 and 1.1744.
These two levels will be watched shortly by traders at the start of the European interbank trading.
On the daily chart of the pair, there is 9th from DeM Sequential, which makes the next move likely to be downward.
Chart: Used with permission of Bloomberg Finance L.P.
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