EUR/USD technicals Dec 11, 2014

Lots of whipsawing in EUR/USD during the last two months. The market has been practically unchanged during this period, as there is consolidation of the severe losses since the 1,40 level. There is a lot of speculation about future ECB actions and Fed tightening but a big part of all this seems to have been priced in at current price levels. As long as EUR/USD remains rangebound between roughly 1,2550 and 1,2300, countertrend trades are the best way to participate in EUR/USD moves.

EUR/USD, 5-hour chart:

EURUSD(5 Hours)20141211114820

Chart courtesy of Investing.com. http://Investing.com

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