Definition of "rangebound" [rangebound]

• Having a price constrained to lie between certain upper and lower limits (adjective)

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• "In foreign exchange markets the euro was rangebound against the U.S. dollar following a near 1.0% rise on Tuesday, as upward momentum stalled amid caution over the euro zone's sovereign debt problems."
• "SINGAPORE—Asian stock markets were mostly lower on Wednesday as continuing concerns over the debt crisis in Europe outweighed any boost to sentiment from improved consumer confidence data in the U.S., while the euro remained rangebound ahead of a key Italian bond auction."
• "Instead, the precious metal is expected to stay rangebound between $1,350 and $1,430 an ounce."