The euro was trading flat amid a quiet day. Economic data was limited to the trade balance figures for October.
Official data showed that the euro area posted a surplus of 28 billion euro. On a seasonally adjusted basis, the trade balance was 24.5 billion, marking an increase from 18.7 billion in September.
EUR/USD to Consolidate in the Short Term
The currency pair is quite likely to remain range-bound within the current levels of 1.1177 and 1.1131. Unless there is a breakout from this level we do not expect to see prices heading anywhere.
The bias remains mixed especially considering the holiday week coming up.
