EUR/USD Price Forecast – Euro Continues to Test Overall Range.

The Euro has gone back and forth during the trading session on Friday, as we continue to see a lot of noisy behavior in what is becoming a relatively well defined consolidation range.The Euro has gone back and forth during the trading session on Friday as we continue to see a lot of confusion as to where risk appetite is going forward. All things been equal, this is a market that is at the top of a consolidation area, with the 1.1375 level above offering resistance, just as the 1.1225 level underneath offers support. That being said, the market is likely to continue to be very noisy, so therefore I think we just simply hang about in this region between now and the end of the year. That being said, the market is well-defined, so if we do break out, then we have some targets the think about.

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