End of week fixing. The range for the week still lowest since August 2014
The EURUSD is making a run at the 1.1000 level once again and in the process making new lows for the day. The days range is now up to 43 pips. That is better than 33 pips from 10 minutes ago but still woefully low.
The range for the week is equally as woeful. It stands at 105 pips (the low was 109.78). Should the low not be taken out before the final bell, that would be the lowest range since August 2014. That is not supposed to happen.
The low is only 14 or so pips from here. It seems like so far away, but if the traders have any pride, they should extend the range....Right?
PS.. the pair just took the low out for the week.. The range is now 114 pips. Is is now the 2nd lowest trading week going back to Dec 21 (Christmas) week 2014.
The 1.0937 and 1.0910 are next targets on a continued run. The 1.1000 level (surprise, surprise) is now topside resistance. Closer resistance if the sellers really mean it on this move, should find sellers in the yellow area in the chart below. It would be traders who want to bully the market into the weekend and gain a little more respect for the trading range too.
