A quiet start of the second week of May

Posted Sunday, May 8, 2016 by
Skerdian Meta • 1 min read

It´s been quiet so far this evening, or morning if you are in Eastern Asia. The range in most forex pairs has been 15-20 pips so far and it´s not looking like it will get any wider anytime soon. We´ll wait for the London session to start in order to see if the price action will change in the forex market but the market sentiment will be the decisive factor because the economic data is extremely light this week.  

The 5-minute chart shows an extremely narrow range comparing to the previous trading sessions

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