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Technical News|Gdmfx Brokerage|Daily

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#1 GDMFX

GDMFX

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Posted 21 April 2014 - 10:52 AM

FOREX NEWS: MARKETS TAKE A BREAK FOR EASTER


EUR/USD
Forex News: Friday price moved in a range of about 15 pips which was almost impossible to trade. This behavior was triggered by the fact that many brokerages and banks were closed, celebrating Good Friday.
 

2014.04.21-Markets-take-a-break-for-East


Technical Outlook
Today no movement is anticipated because banks and brokerages around the world are closed due to Easter Holidays. The market takes a break and once trading resumes, 1.3830 is the first level to watch for a bounce or break scenario.

Fundamental Outlook
Due to Easter Monday, no important economic or financial indicators are released today.

GBP/USD
The pair also moved sideways Friday as most traders took the day off and volume was extremely thin.
 

2014.04.21-Markets-take-a-break-for-East


Technical Outlook
The day will lack movement and most markets around the world will be closed today. The important levels to watch once action resumes are 1.6820 and 1.6750.

Fundamental Outlook
The fundamental scene is quiet today, for the reasons mentioned above.

 

 



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