FXstreet.com (Córdoba) - EUR/USD has been moving inside a narrow range between 1.4705 and 1.4725. Euro is rising for the third consecutive day against the Dollar but has moved away from intra-day high. The pair peaked at 1.4760 during the American session but failed to hold above 1.4750. Currently it trades at 1.4715/19, 0.45% above today's opening price.
The FastBrokers Research Team affirms: The EUR/USD now has fewer technical obstacles to the topside than the downside. Additionally, breakouts in gold and the AUD/USD bode well for the EUR/USD over the near-term. Investors should keep a close eye on the EUR/USD's interaction with its topside technical barriers, particularly as the ECB's monetary policy decision approaches.