The range for the week continues to hold
Sellers tried testing waters just below 1.3800 earlier, with the low touching 1.3793 for a brief moment before a turnaround now to a session high of 1.3850.
The bounce takes the pair back towards the 100-hour moving average (red line) @ 1.3849. Push above that and buyers will seize back near-term control.
That said, in the context of the week, the range between 1.3800 and 1.3900 holds.
This article was originally published by Forexlive.com. Read the original article here.