Forex technical analysis: EURUSD stuck in the mud

28 pip trading range....

Didn't we do this last Monday? 

We did.  

Last week, the EURUSD remained in a 28 pip trading range for the day.  That was the lowest range since March 25th (27 pips).  Before that you have to go back to November 26th, 2015 (27 pips). The point is, there is not a lot of times when the range is so narrow.  So expect a range extension.

The low today is 1.10759. The high peaked at 1.11043.

Technically on the downside, the support is being held up by the 200 day MA at the 1.1078 level and the 100 bar MA on the 4-hour chart at the 1.10768. The low in the London session has come at 1.10783 (PS the low for the day occurred on the opening bar).  

The pair is currently testing that low support area. A move below should solicit more selling. We can not survive on 28 pip trading ranges.  Right?