Longer-term range on the EUR/USD

Lately, the focus in the financial markets has been the Chinese economy and crude oil. The Euro versus the Dollar has not gotten enough reasons to move in a clear direction. The price of the EUR/USD is practically consolidated. This pair is used to having long, sustainable trends that is why now we can see that the pair is really undecided, regardless of the daily volatility. The 1.0900 level has been its mid-point zone. There is no clear trend until the pair breaks above the 1.1000 level or below the 1.0700 level.