EUR/USD has seen rangebound price action this past week within the 1.3000 – 1.3200 range, as can be seen on the H4 analysis charts below. Euro/dollar has now printed an inside week candle formation following the engulfing candle last week. 1.3000 is a key round number area that has recently acted as support, and the 1.3200 area resistance level is part of a longer term PPZ (price pivot zone). The later part of the week moved within a tighter 1.3065 (D1 200 SMA) – 1.3177 (61.8% Fib) range. A sustained range breakout is needed in order to gain a fresh directional bias on this pair going forward. However, we still note ... (full story)