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EURUSD is in the midst of a non trending today

gregmike-04506

The EURUSD is non trending today.  The low has been defined by a floor at the 1.4207 area.  The upside has some progressively lower highs that have formed a trendline which currently comes in at the 1.4244 level.  A break of the trendline will continue to have resistance up at the 1.4266 level but this would be the target area.  A break below would look toward support at the 1.4175 to 1.4183 area.  The 1.4183 level is the midpoint of the 2008 high to low range.   

gregmike-04507

Quiet market for the pair, but let the price action dictate the next directional move.