Thursday, April 17, 2014
We had another day of whipsaw and range-bound price behavior for the EUR/USD as new headlines, along with US Fundamentals shifted market sentiment throughout the trading session. The EUR/USD pair only moved within a 54 pip range from the session intra-day high at 1.3865 to the intra-day session low at 1.3811. The pair is currently in consolidation above the 1.3800 psychological zone, awaiting a breakout during the Asian trading session. We expect to see a continuation of more light and range-bound activity as we head into the long Easter Holiday weekend.
Wednesday, April 16, 2014
In today's webinar, we discussed price action in the EUR/USD pair and the technical and fundamental reason's for the sell-off in the common currency. We also identify areas of support and resistance that you can use when setting up future trades.