Traders, we’ve been sitting on this EURUSD pair for a bit, and really haven’t talked too much about it. Sometimes Forex trading is simply a study in patience.
And since today has been quiet for us (two nice fades off the M15 at both opens) we’re going to dissect this one a bit.
EURUSD Daily Suggests Bottling:
Those of you experienced in the markets know that price has bottled here due to the market’s inability to price in these very historic fundamentals.
We will look to this pair again previous to London after the Asian session has had its effort to move it out of this very volatile triangle.
In other news our automated signal provider colleague is into the 80s!