Range Trading Continues
TFI Markets | Apr 24, 2014 03:30AM ET
One more rather calm Asian session today as most majors are trading in narrow ranges. EURUSD is just ticking higher now at 1.3820 while USDJPY is trading 0.15% lower. The NZD cash rate remained at 3% as expected and the kiwi is up 0.5% against the dollar at 0.8625 as of writing. The German Ifo Business climate and unemployment claims in the US are the main focus for the European session.
EURUSD 4H Chart:
The pair is clearly in a narrow range the last few sessions and for the moment is better to trade the borders or wait for a break out of the range.
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