Price has just come off support around the 0.9300 big figure. In the last few days the market has established a trading range between 0.9300 and 0.9450.
Price rotating lower in early Asia trading and if the recent low holds (June 9th) then there is potential to see price trading higher to test the range highs around 0.9400-50
Price took a bearish turn on an intraday basis with this market. Early European trading saw price sweeping yesterday's highs marginally before rotating lower.
A quick move in early London saw price briefly breaching the 1.2300 figure and making the day's low around 1.2290 level.
Several attempts lower failed and price turned back up.
There was room to make some...
The EURUSD market has been held in a tight consolidation since London close yesterday (23 May) with very little movement in Asia.
Price failed to breach yesterday's low in early London trading and is hovering just above the lows with no real sense of direction.
A blank calender void of EUR or USD news makes stop runs and consolidations more likely. Depending on...