The range is still intact - Forex News by FX Leaders

The range is still intact

Posted Monday, April 11, 2016 by
Skerdian Meta • 1 min read

The range in most USD pairs still remains valid today. EUR/USD touched 1.1430s today but reversed and is heading down today. AUD/USD and NZD/USD are both jumping up and down in tight 30-40 pip ranges. The price has been close to our take profit targets a few times but has reversed. Even USD/JPY has touched 1.0760 for the second time and then reversed, although the range in Yen pairs is not that tight.

Will we see the bottom of the range again today?

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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