EUR/USD Coils Near Key Range as Volatility Compresses
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EUR/USD continues to trade within a tightening band, with momentum oscillators flattening out as neither bulls nor bears commit to a breakout. This type of compression typically precedes a sharp expansion in volatility once a dominant macro trigger emerges.
Support has held firm on recent dips, while repeated failures to clear overhead resistance suggest sellers remain active at higher levels. Traders are watching for a decisive close outside the current range to confirm the next leg.
Until that break occurs, short-term scalping strategies may outperform trend-following setups, as the pair lacks the conviction needed for sustained directional moves.