FXStreet (Guatemala) - Instead of extending higher, EUR topped out at 1.0968. The current movement is likely part of a broader consolidation phase and sideway trading is likely. Expected range; 1.0810/1.0905. Key Quotes: "The sharp drop suggests that the 1.0968 high could be the extent of the corrective rebound in EUR (1.0990/95 resistance not tested). However, the short-term weakness is viewed as part of a broader consolidation range and the downside risk appears to be limited. To put it another way, there is no change to the current neutral outlook for this pair." For more information, read our latest forex news.