The common currency was trading subdued on Tuesday amid lack of any clear fundamentals. The US existing home sales report saw a decline of 0.4% on the month to 5.19 million units in April. There were also a few Fed speakers lined up during the day but investors remained on the sidelines.
EURUSD Slips to the Support Level
The currency pair extended declines to briefly test the support area near 1.1140 before pulling back modestly higher. The sideways range within 1.1182 and 1.1140 remains in place for now. The currency pair could remain within this range unless there is a strong breakout in either direction.
