Trading Consultants Inc discusses Trading Range with a Pair of Stacked Zones.
When confronted with stacked zones on a monthly time frame the range is defined Here since Nov 2014 to date price has traded 1.04 to 1.17 ignore the spikes as they are created as a trapping device . Draghi is out of bullets as negative interest rates and corporate bond buying has kept EURUSD trading as he had hoped but now with Great Britain leaving the EUROzone uncertainty abounds again and that makes a traders life exciting and rewarding. So trade the zones and PA and be willing to endure some draw down . and stick with the plan .