Trade at new session highs. but having a difficult time of it…
The EURUSD and the GBPUSD have extended to new session highs. The EURUSD extended the high by 8 pips. The day’s range is now 51 pips. The GBPUSD extended the high by 12 pips. It’s range for the day went from 77 pips at the NY opening to 89 pips currently. Yippee. That is the good news for bulls. The bad news for bulls is the moves are running into sellers despite the breaks.