EUR/USD falls to 1.1046 following failure to breakout on the upside

2024 high at 1.1214 is shy 2023 peak at 1.1276

This years range is smaller than last year's range

There is a strong chance that EUR/USD remains rangebound

Traders betting over 10 billion on a rise now more likely to exit longs

Stops likely under Sep 11 low at 1.1002 and 55-DMA 1.1025