In the above 4 hour chart of EUR/USD - look the downtrend of the ATR (Average True Range).
Is this the beginning of summer doldrums, just a slow couple of weeks, or EUR/USD locked in a battle between east / west? Although not leading news, the situation between US & Russia continues to worsen (although more behind the scenes) today with the US Treasury announcing "Weapons of Economic Mass Destruction" and a recent leaked plan for US first strike on Russia.
Meanwhile, the Ruble is up, and EUR/USD is mostly unchanged, since it's fall from the 1.40 barrier.
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