EUR/USD at the 1.3800 level.

EUR/USD reached the support at 1.1090 and bounced off of it, but if it breaks below that level it might reach 1.1000, perhaps even 1.0950.
 
EUR/USD consolidated the whole day in a tight range under the 1.1090 level. Hope we see valuable moves next week.
 
I really hope we will finally see some serious movement on the EUR/USD chart because this range has been going on for months now.
 
On Friday session the EURUSD pair initially fell but found enough buying pressure to turn around and close in the green near at the middle of the daily range. The currency made a narrow range thus creating an inside day, signs that daily support at 1.1097 is holding the price. Today, September 7th, the US Banks are closed for Labor Day and as a result the pair should stay in a ranging mode.
 
It's a very quiet Monday with USD out of market, not much volatility to expect, the pair is trading flat, Back to the familiar range around 1.1150.
 
The euro recorded a minimal increase against the dollar on Friday. EUR / USD started the daily session at 1.1122 and ended with a profit of 21 pips, which could not compensate weekly losses of the single currency at a rate of 0.3%. Trading on Friday was held within 1.1091 and 1.1179. The graphics developed under low moving averages, while the relative strength index remained at negative territory, suggesting continuing dominance of bears and a test of 1.1055.
 
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