Looking for an extension
The EURUSD is trading in a 27 pip trading range for the day. That is equal to the lowest trading range for a day for the year. In fact you need to go August 2014 to have a more narrow trading range. Now it is August now and summer markets can lead to narrow ranges, but even so, 27 pips? There should be something in the tank before now and the close. Maybe even the close of London/Europe.
Forex technical analysis: USDJPY trades in most narrow range for year
