As usual, Monday quick starts with extremely thin market conditions: the EUR/USD keeps trading in a tight range right below the 1.3400 level. Euro zone Trade Balance just released printed a surplus of 16.8B but price has barely reacted to the news. The 4 hours chart shows price holding above its 20 SMA, mostly flat around the 1.3370 level, while indicators hold directionless above their midlines.
With little news schedule for the day, and more action coming maybe Wednesday from Minutes of both, FED and BOE, the pair is expected to maintain the 1.3330/1.3430 range so playing the extremes seems to be the most accurate choice for these days.
View Live Chart for EUR/USD
With little news schedule for the day, and more action coming maybe Wednesday from Minutes of both, FED and BOE, the pair is expected to maintain the 1.3330/1.3430 range so playing the extremes seems to be the most accurate choice for these days.
View Live Chart for EUR/USD
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