…and looking for more
The 1.1016 level were lows August 18 and 19th. The low today touched the level, bounced a little, and is now trading below it. The range today is 130 pips. The average is 103 over the last 22 trading days (about a month). The range for the week is 381 pips (wasn’t it about 30 or so hours ago that range was 90 pips?). The trend is down, but the "market" may tap the brakes a little as we head into the weekend. Having said, that technically, the bias is still lower.