The range has been extended. The first target reached at the low from yesterday – the low for the year at 1.2166. I sound like a broken record but the 1.2131 is the next stop on the selling train. I would think that traders will like to see the price stay below the 1.2183-89 area now (see yellow area in the chart above). In a narrow trading range, on a Friday, in the summer, the challenge is to keep the traders attention and keeping “the will” to trend. Do you have it in you guys and gals?