5 May 2014
EUR/USD limited range for today – FXStreet
FXStreet (Edinburgh) - Currency Analyst Valeria Bednarik at FXStreet sees the EUR/USD meandering in a very narrow range amidst a generalized anaemic trading on Monday.
Key Quotes
“Data from the EU failed to imprint some life to the EUR/USD that trades steady around its daily opening in an ultra quiet Monday: London is off on bank holiday while local share markets are mostly trading down, so far with no effect over the forex board”.
“Technically the 4 hours chart shows price above a still bullish 20 SMA, but indicators flat around their midlines, reflecting the lack of action in price”.
Key Quotes
“Data from the EU failed to imprint some life to the EUR/USD that trades steady around its daily opening in an ultra quiet Monday: London is off on bank holiday while local share markets are mostly trading down, so far with no effect over the forex board”.
“Technically the 4 hours chart shows price above a still bullish 20 SMA, but indicators flat around their midlines, reflecting the lack of action in price”.