Thanksgiving Trading Lull

By: Charley Warady

The EUR/USD hit a two month low yesterday in very light trading in anticipation of the Thanksgiving Day holiday. The reason for the drop was a combination of light trading and concern over the economic situation in Ireland.

Although the market dipped briefly below the support levels, it still seems to be holding and not knowing which way to go. If it can hold around the 1.330 range, it may have somewhat of a support level there. It remains to be seen as to where the new trading range will be going into the thin holiday trading season. The markets that will continue to trade today will see negligible movement in the absence of the American market activity.


Did you like what you read? Let us know what you think!

exclamation mark

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate will also be removed.

0 User comments

exclamation mark

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate will also be removed.

Read more
Add new comment
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.