EUR/USD has traded within 1.05-1.10 most of 2023

Pair recently returned to the centre of this range

EUR/USD topped after becoming overbought since sliding to 1.0657

Rise over 100/200-DMAs, cloud top circa 1.08 needed for return to 1.05-1.10

100-DMA has just crossed under 200-DMA - bearish long-term

Volatility has sunk - unlikely to see big or fast move in any direction

Interest rates favour USD but not by a big margin

Range may drop toward 1.03-1.08 - weekly Ichimoku cloud is 1.0312-1.0796

Strong urge to gamble in FX markets may intensify nL1N3CB0JV