The days range was extended by 8 pips to the downside, but that was not enough. So the price rebounded higher toward the 100 bar MA (blue line in the chart above). The 200 bar MA and close from yesterday at the 1.2113 and 1.2116 are other hurdles. Get above, and the intraday buyers are feeling more bullish.
The market is disinterested it seems. Maybe it is the Apple earnings after the close that will keep traders on the sideline. You know that is what we will be hearing about for the rest of the day on the financial news channels. Higher bond yields? What’s the worry. There is the safe haven Apple.
Dow Futures +9
Nasdaq +6
Gold +$2.00
Crude Oil +0.20
Not much going on there.
