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Technical analysis for Euro Jan, 12
1,3681. EUR USD is in a range between 1,3540 and 1,3770. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. The price should find a resistance below 1,3870 (189 pips). We won't take a position. The risk/reward ratio is too high to take a position..