Happy the 4th of July to the Yankees, but how does it translate into our wold of forex? - Forex News by FX Leaders

Happy the 4th of July to the Yankees, but how does it translate into our wold of forex?

Posted Monday, July 4, 2016 by
Skerdian Meta • 1 min read

Today is July the 4th and everyone in the world knows it is the US independence day. I mean there are countless of movies where the world nearly ends up on this very day only to be saved by some American superhero. Well, what does it mean in forex.

First of all, it means that it will be very quiet. Most major forex pairs will trade in tight ranges. We have provided you with some support and resistance levels in the previous updates today, so have a look at them to see where they are, if you haven´t done so already.

Apart from the commodity Dollars which have enjoyed some decent demand, the other major forex pairs have been trading in tight ranges between the horizontal levels that we brought you. That´s the way we will play it for the remaining hours today, we´ll play the horizontal levels.

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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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