The Forex currency pairs have been quite dull this morning with not a great deal of action. Also there is not a lot of news items out that could potentially influence the pairs I’m looking at.
There is some USD related news out at 3pm this afternoon which might put a spark in the USD cross rates.
Later in the week there is also employment data out which I suspect is what the market is waiting for.
Overall there are a lot of consolidation patterns that have set up quite nicely which could well lead to some interesting movements when they start to move outside of the range boundaries.
Happy Trading
Phil
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