Despite a positive session in the U.S
the Dollar continued to trade in range, failing to present any major
movement. After presenting a positive session yesterday, today’s price
movement seems to be erasing all of those gains. The Dollar index
continues to remain in range trading around 80 points.
Mixed
data has been having an enormous affect on the currency market
recently, as traders remain confused regarding future price pattern.
For example what seemed like a Dollar continuation a few days ago,
quickly faded away, as Wednesday’s bond auction had an effect on the
Dollar, sending it lower. Yesterday’s U.S session is also affecting
today’s Dollar intraday session, sending it lower. While day traders
can work on the current ranges presented in the market, swing traders
should be patient and wait for a break of the current range. Individual
pairs, for example the GBP/USD and the EUR/USD, are all currently
trading in range.
Read the full article at dodjit.com
the Dollar continued to trade in range, failing to present any major
movement. After presenting a positive session yesterday, today’s price
movement seems to be erasing all of those gains. The Dollar index
continues to remain in range trading around 80 points.
Mixed
data has been having an enormous affect on the currency market
recently, as traders remain confused regarding future price pattern.
For example what seemed like a Dollar continuation a few days ago,
quickly faded away, as Wednesday’s bond auction had an effect on the
Dollar, sending it lower. Yesterday’s U.S session is also affecting
today’s Dollar intraday session, sending it lower. While day traders
can work on the current ranges presented in the market, swing traders
should be patient and wait for a break of the current range. Individual
pairs, for example the GBP/USD and the EUR/USD, are all currently
trading in range.
Read the full article at dodjit.com
