The EUR/USD trades in a 50 pips range this Monday, unable to extend beyond the 1.3400 mark, and with the 4 hours chart showing an increasing bearish momentum, as 20 SMA holds to its bearish slope above current price, currently around 1.3430 past Friday high. Technical indicators turned flat in neutral territory, while price slowly fades as dollar is higher against most rivals. A break below the 1.3350 static support level, may see the pair extending quickly lower, with not much in the way until
