Despite a heavy event calendar, the EURUSD has failed to break outside of today's 153 pip trading range. With more event risk still to come, traders may continue looking for breakouts on the pair. A breakout above the R4 pivot at 1.1303 would add validity to yesterday’s bullish price action. Conversely, a move below the S4 pivot at 1.0996 would suggest a bearish reversal counter to this week’s predominant trend.
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