Today has been a rather uneventful day on the whole. The market is in consolidation-mode, any trades that are made should be watched with an eagle eye and never be left unattended. On days like these, the market is either ready and willing to take your money away or if you’re lucky, you won’t lose…but you won’t make a profit either.
Keep an eye out for important economic data that may ignite activity to the upside of downside. There is an FOMC meeting tomorrow which will determine any interest rate change and also, CPI info out for USD. Unemployment claims data will be out for GBP also.
Remember, we’re looking for EUR/USD to go higher. I will keep you all updated!
Have a great day! 😀