The 11 AM ET fixing is approaching and with a narrow trading range in the EURUSD, traders may be looking for  push and extension that can break the ties that have bound the pair for the last two trading days.  The price has been above and below the 1.24617 target, but has yet to put a serious run to the 1.2434-41 support target – reaching 1.24525 only. The range is a small 54 pips. Is an extension asking for much? 

On the upside, a move above the 1.2480 would likely solicit additional buying. On the downside the now famous 1.2434-41 and 1.2409 still remain the levels to get below. 

Ok I might be grasping at straws but given the day so far, I am anxious for a move…