Low to high trading ranges low.
All the trading ranges for the day are below the averages over the last 22 trading days (see lower chart). The EURUSD, GBPUSD and USDJPY and USDCHF are all in the middle of there trading ranges.
The commodity currencies (USDCAD, AUDUSD and NZDUSD are trading near extremes but for the European session, the price has been up and down - but holding the Far East moves.
I did a video report on the GBPAUD last night (CLICK HERE). That pair fell to support against the 38.2% floor area, and has been able to find buyers against the level. On a break below, there should be stops triggered. However, the break has to remain below. Yesterday, the price at the high broke above a ceiling area and failed. That was a technical catalyst for the move lower (so was the break below the 100 and 200 hour MA - see blue and green MA lines).
Draghi awaited?!? Can he nudge the market?
