EUR/USD went back and forth like it normally does on a Non-Farm Payroll day on Friday. The pair simply didn’t go anywhere, and the market is still “stuck” between the 1.32 level and the 1.30 level. The area is massive consolidation, and with all of the issues surrounding the supposed Greek debt agreement, and the central bank meeting late this coming week – this pair could sit very still for a while. Traders can buy at the bottom of the range, and sell at the top of the range. However, these are scalps and nothing more. Beyond that, we see no opportunities.
Written by FX Empire