Translation: Things are starting to quieten down a lot with majors trading sideways in tight ranges as the attached chart shows. It is highly unlikely that we are going to see any fresh ground broken before the start of the weekend with thin markets on a European Bank holiday.

majors-10-apr-09

I am still looking for the EUR/USD to head lower once the easter eggs wear off next week with 1.2880/1.2950 region a good one to target on the break of 1.3070/80.