Eurodollar is stuck in a range. There is the possibility of a breakout higher and a move to the top of the channel at 1.2670ish, however the 100-day MA is resisting further gains, and a decisive move above 1.2590 would be required to reach there. There is also the possibility of move down, with a breakdown, signalled by a move below 1.2555, targeting support at 1.2505.
Written by Forex4you