I have to admit, this is my clueless day. (please see my previous posts today).
This is not trending either at all. But looking at 4 Hrs time frame, we are just ahead of a breakout to hopefully see a clean direction again. Maybe to the bearish side. And then just pray it won't be stuck in an even tighter range 1,3680-1,3790 for some more time :-). I put another question, based on daily chart since October 2013: would you call 3 big fig (300 pips) moves a trend at all, or thinking long term is it a range? In January, I really believed this pair is going to be one of the best trendings this year. It can still be tho, so don't give up, watch it closely, and maybe with this annoying range with relatively low implied vol. start looking at options too!
This is not trending either at all. But looking at 4 Hrs time frame, we are just ahead of a breakout to hopefully see a clean direction again. Maybe to the bearish side. And then just pray it won't be stuck in an even tighter range 1,3680-1,3790 for some more time :-). I put another question, based on daily chart since October 2013: would you call 3 big fig (300 pips) moves a trend at all, or thinking long term is it a range? In January, I really believed this pair is going to be one of the best trendings this year. It can still be tho, so don't give up, watch it closely, and maybe with this annoying range with relatively low implied vol. start looking at options too!