EURUSD Rangebound

EURUSD has been confined inside the 1.5650/1.5750 range for the last trading days of the previous week, bouncing from the support line but nor managing to push any higher then the 1.5750 area(the 38.2% Fibonacci retracement).  A break on the lower side of this range could push the pair all the way to 1.55 if we get enough support from the USD conversely there are still a great numbers of traders out there that have their sites set on 1.60, and that might be enough of a reason to see the pair move higher, first bullish target is the 1.5800 round number. EURUSD has been confined inside the 1.5650/1.5750 range for the last trading days of the previous week, bouncing from the support line but nor managing to push any higher then the 1.5750 area(the 38.2% Fibonacci retracement).  A break on the lower side of this range could push the pair all the way to 1.55 if we get enough support from the USD conversely there are still a great numbers of traders out there that have their sites set on 1.60, and that might be enough of a reason to see the pair move higher, first bullish target is the 1.5800 round number.

[NP][/NP]