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.