EUR/USD: Looking to new short-term trading range, 1.3280/1.3480 ish

It’s difficult to see this pair making a major break in any direction with mixed technical and fundamental messages making it hard to have any large sense of confidence. The previous short-term highs at 1.3280 are now likely to provide strong support and the medium term highs at 1.3480 look like a solid resistance level. I’d look to play the edges of this range with a neutral bias given that the daily downtrend is still in control but has totally run out of momentum.