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The EUR/USD, just like most other USD Forex pairs, is stuck in narrow ranges on the higher timeframes.

This range behavior clearly shows that uncertainty is looming heavily over the USD and many other markets.

 

Higher timeframes did not offer good trading opportunities for the past weeks but a look at the smaller timeframes makes it obvious how the ranges become decent-sized trends.

Traders are best off waiting for the price to reach the outer range boundaries for entering trades. Trading as long as the price is in the middle of the range does not offer good reward/risk ratio opportunities.

 

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