EURUSD extends the range for the day
Still light at 46 pips but better than 24 pips
The range for the day at the outset of the NY session was a tiny 24 pips (). The market was ranging with a double top at 1.1164 and a double bottom at 1.11405. The price was below the 100 and 200 bar MA on the 5-minute chart at the time. Stay below would keep the sellers in charge (see post). The price stayed below, and there has been a move below the 1.1140 double bottom and the 1.1131 low from June 15th and 200 bar MA on the 4-hour chart. The sellers are happy below 1.1131.