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Good morning traders.

Pretty uneventful day yesterday with nothing triggering from a H1 level pov and nothing much to add to what I wrote yesterday. It was all about scalping the small range the pair carved out and taking the few pips it allowed.

Although outside the strict remit of this morning briefing and not a macro event from our trading perspective, what happened in Paris last night with Notre Dame burning does seem deeply shocking and worth a note. On a personal level, being in the cathedral gave me the most intense feeling of history I have ever encountered. I hope it can be restored.

For today we have German Zew data out at 11.00 CET and nothing much else.

The 240m Chart

The 1.1320s at the 50% Fib held yesterday and contained any upside. The levels remain the same for today with 1.1280 providing support above the main 1.1250s support level.  The USDx (US dollar index) is still resilient at the 97.00 level so we need a firm break down below this figure to give the eurusd a chance to test higher.

The Hour Chart

Levels as per.

As I’ve mentioned before, this lack of volatility is tough to trade and its the worst it has been in 5 years plus. All we can do is grind out the trades from the best levels.

Have a good day and lets hope we get a bit  more movement.

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Mark Wogan

Mark Wogan

Hi. I started my investing / trading career in 2000 and since 2011 I have been trading on a full time basis.

My focus here will be the currencies and in particular the EurUsd pair and I will post my charts on a daily basis marking up the levels I´m interested in and comment on the bigger picture context and anything else I´ll be watching out for during the day.

I also do a little coaching on a one to one basis so if you´re interested in learning how to trade just give me a shout and we can have a quick chat.

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