EUR/USD tuneless

During the last week the EUR/USD pair was trading tuneless and almost muted by the tight range for fifth consecutive week, as markets need something more exciting to stir the mood.

The eye catch for the week was the first US Presidential debate between Hillary Clinton and Donald Trump. I’m eager to watch the next one, the promise of a stable policy against the wild and risky businessman definitely will shake the financial markets.

The greenback finished the week solid, somehow boosted by risk sentiment rather than by strong local data and EUR/USD pair was hovering around 1.20 handle.

Technically speaking, the par is stuck between 1.1120 and 1.1280, and it is very hard now to escape out of this tight range. In the short-term the pair is seen in the neutral area with lack of strenght to move out of it.

There is no change of the support and resistance levels, so the upcoming week will offer nothing significant until Friday, when NFP data will be realeased. Support is currently located at 1.1160, 1.1120and 1.1000. Resistance is seen at 1.1245, 1.1285 and 1.1360.