The 10-day average and the 100-day moving average in EUR/USD are tracking right next to one another and indicate that over both the medium and short-term, EUR/USD is in a very comfortable place from a technical perspective.
Last week we probed below the 50% retracement of the crisis lows in EUR/USD at 1.1775 to the rebound highs just above 1.3330 but soon reverted back toward the moving averages.
It’s a great environment for range traders and options spec who like to buy DNTs (do we know anyone like that?) ….
