The EUR/USD pair fell during the session on Thursday, as we had been near the top of the range that the market is currently stuck in. It also see that the 1.30 level offered enough support to cause the market did bounce, and as a result we remain well within the tolerance of that consolidation area. We don’t see anything longer than a short-term trade been set up at this point time, and until we break out above the 1.3250 level on the upside, or the 1.2950 level on the downside, we feel that little 30 and 40 PIP trades will be abundant as you play this consolidation back and forth.
Written by FX Empire