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Hi everybody how are you? Hope fine. Range trading could be the name of the game this week: if we don’t take into account Sunday’s opening gap, the rest of the week has conserved the volatility, although majors trade in tight ranges against dollar; that makes supports and resistances break trough more interesting once it happens, as after such a lateralization, the post trend defined has good chances of gaining speed. But now, things remain quiet and despite the shy recovery of U.S. stocks yesterday, both American dollar and Japanese yen, remain well supported. This is a full calendar week, and we will have lots of risk events, so better that a look at it, following next link:
http://www.fxstreet.com/fundamental/economic-calendar/
I’ll be back in a few minutes with the technical points por today. Have a great day!