Good morning traders.
As it is Thanksgiving in the US today we are likely in for a subdued trading day. Last year we traded our pair within a tight 40 pip range. So if you are trading I wouldn’t be expecting big moves. But we still have Brexit and Italy on the agenda so you never know!
Yesterday our pair traded almost precisely within our S1 to R1 range and looks to be bound within R2 and S2 for today.
As ever trade what you see and check the lower time frame charts for your entries.
I´ll be around this morning but then I´ll be away until Monday so no diary for tomorrow.
The Daily Chart
Nothing to add to what I said yesterday. We are at 1.1397 as I write – smack in the middle of our 1.13 – 1.15 range.
The Hourly Chart
Support & resistance are noted and I would expect price action to stay contained within a tight range for today.
Have a good day and weekend and I´ll be back Monday!