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No change in range yet for EUR/USD

Yesterday morning, in an update here the immediate EUR/USD range was again outlined here as being covered by 1.0860 to 1.0960. Well that more than covered it, in what was obviously a pretty quiet session due to the US holiday. The price action so far today has been even tighter, but of course that might change. The slight rise in US yields is hampering the topside, but it seems many short term Euro longs might have already been removed on Wednesday, when the price dropped below the noted technical support level, at 1.0862. Hence the rise in US yields is not forcing the Euro much lower so far today. The range seen so far today has been covered by 1.0895 to 1.0912. The EUR/USD is just now trading at 1.0907
 

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