The EUR/USD continues to remain range bound as equity markets oscillate between support and resistance levels. Ongoing government stimulus and concerns over rising unemployment on domestic spending have taken turns dictating sentiment. The pair’s definable support and resistance levels give traders solid exit and entry levels and the ability to target periods of consolidation. Also, as one of the most liquid pairs the low spreads that it offers increases profit potential.

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EUR/USD Continues to Range Providing Scalping Opportunity