The EUR/USD has been in a tightening pattern since July 9th. The activity is defined by trendlines above and below with the price movements narrowing. Both 100MA (blue 1.3951) and 200MA (green 1.3961) are within 10 pips of each other. Typically when this type of pattern emerges, a currency pair will have a strong movement in one direction or another. The market will need some piece of economic news to trigger the movement. For now, this is a pair that should be monitored closely as it develops into a trading opportunity in the next 24 hours.
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