FXstreet.com (London) - EUR/USD has traded flat so far this session despite 10 pip swings to either side. Pair slid around 40 pips in previous session as Greenback strengthened today on better-than-expected labour data. Currently quoting at 1.4314.
Investors were giving a startling reminder of Eurozone issues yesterday as rating agencies pulled down Icelandic long-term debt down to junk bond status.
Pair is trading in a tight range ahead of the crucial NFP labour data later today. FED have repeatedly highlighted the importance of labour data in future withdrawal plans. We find the pair with little price action bounded between 1.4310 and 1.4330, and a break of either of these bounds could indicate trend change.