EUR/USD Tightest 20 Day Range Since December 2014
Chart Prepared by Jamie Saettele, CMT
-The 20 day range (about a rolling month) stands at 1.69%. This is the tightest range since early December 2014. Several weeks later, EUR/USD dropped from above 1.24 to nearly 1.11 in about 5 weeks. Point is, strong trends tend to succeed tight ranges. Pay attention to SSI, which may help ‘catch’ the move. As always, reward/risk is paramount.
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