FX.co ★ bridget.franecki | TST as the Foundation for Medium-term Trading

EURUSD Well, the levels on the Euro are all over the place today. It's like a rollercoaster. Yesterday, with the presence of the Non-Farm Payrolls, the price went all over the place, but that was somewhat expected. And today, with the absence of any major news, the price action is all over the place again, compressing the range into a spring, making it quite scary. The market opened slightly above the lower boundary, and throughout the Asian session, the price has been testing the lower boundary. Everything indicates that the price is waiting for something. With such levels, there should be some kind of driver. However, there are no significant news releases related to the Euro in the first half of the day. There are important news releases for the American pairs, but the forecasts are clearly not in favor of the dollar. If they prove to be correct, further downside movement is not expected, only upside. But that doesn't seem logical. What to do? Just observe.