EURUSD failed to break above 1.1045 resistance, and stayed in the trading range between 1.0462 and 1.1045, indicating that sideways movement in the range is underway. Further decline to test 1.0462 support would likely be seen, a breakdown below this level will signal resumption of the long term downtrend from 1.3993 (May 8, 2014 high).
