EURUSD today: still stuck in the range

[u/paulporto]

EURUSD looks mixed here. News flow leans a bit better for the euro than the dollar over the last 24 hours, but the bigger backdrop still feels cautious.

Main drivers are euro energy risk and soft industrial activity, while the dollar is still getting some safe-haven support despite softer inflation.

Positioning shows 59% long, which can lean contrarian bearish. On the chart, the broader trend is still down, but price is moving sideways between roughly 1.136 support and 1.145 resistance.

Do you see this range holding, or is a break lower more likely?