Major pairs were trading in tight ranges overnight, which is not surprising at all as the market activity is expected to be subdued today due to holidays in many countries. But there's always potential for outsized moves on lower liquidity in these markets.
Euro cleared stops below 1.10 shortly after the open, but there was no follow through beyond 1.0965 as the pair quickly reversed back towards the big level. It went sideways from there and is awaiting European traders, who will be sitting down in lesser number.
Euro cleared stops below 1.10 shortly after the open, but there was no follow through beyond 1.0965 as the pair quickly reversed back towards the big level. It went sideways from there and is awaiting European traders, who will be sitting down in lesser number.
