The euro currency was seen trading flat by late Tuesday’s US session. However, prices were flat after the euro rose to a one-month high. The common currency rose to intraday highs of 1.1248 before easing back on the day. Economic data from the eurozone was sparse and it was a similar case from the US as well, keeping EURUSD in check.
EURUSD to Settle into a Sideways Range
The currency pair managed to lift off right after hitting a fresh two-year low just a week ago. While this helped EURUSD to rise to a one-month high, the current momentum looks to be fading. This could keep the sideways range within 1.1250–1.1140 back into the foreground. However, the bias to the upside looks to be building up.
