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EUR/USD, Lack of Direction Today

EUR/USD, Lack of Direction Today

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10 March 2010 11:06 AM GMT

The daily chart of the EUR/USD is on a down swing of a range bound past few weeks. This combined with no new heavy news releases and each of four technical indicators near their centerlines means, another range bound day. Will the three hour chart agree?

This week has been within a 150 pip range. The lack of extreme direction, movement or position in any price action or four indicators on the three hour chart, signals a range bound day.

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Live Rates

Symbol	Change	High	Low

EUR/USD	0.0004	1.3283	1.32
AUD/USD	0.0058	1.0777	1.0684
EUR/GBP	0	0.8401	0.8368
EUR/JPY	-0.08	103.17	102.28
GBP/USD	0.0004	1.5826	1.5761
USD/CAD	-0.0017	1.0015	0.9975
USD/CHF	-0.0003	0.9159	0.9106
USD/JPY	-0.05	77.77	77.41

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