Sideways trading continues

It’s been a very quiet few hours with all of the majors trading in tight 10 pip ranges. European trade should be getting under way in the next hour or so.

EUR/USD is still being capped by an option barrier at 1.3500 and USD/CHF has been experiencing some light profit taking since midway through Friday’s NY session so it will be interesting to see what the European market makes of these moves.

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