Muted price action so far this morning - Forex News by FX Leaders

Muted price action so far this morning

Posted Thursday, May 5, 2016 by
Skerdian Meta • 1 min read

In the previous few days, we have seen some nice price action in the forex market. Today the range has been very narrow so far. That said, it is starting to pick up pace. EUR/USD just broke below the 100 MA and GBP/USD broke below the 20 MA and is headed towards the 200 MA. Hopefully, that will light the things up a bit. 

The 100 MA has finally been broken

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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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