The euro was trading modestly lower on Tuesday, losing 0.06% on the day. The currency was subdued with a lack of economic data and the mixed sentiment in the USD. Germany will be releasing its industrial production figures later today followed by the ECB’s monetary policy meeting accounts.
EURUSD Trades Flat
The EURUSD is maintaining its sideways range within 1.1226 – 1.1140 levels. This sideways range could remain in place until there is a breakout from this level. The bias remains mixed at the moment. To the downside, a close below 1.1140 could potentially trigger further declines in the near term towards the 1.1100 region. To the upside, gains could stall near 1.1280 resistance.
