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.
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.
Due to Easter Monday, no important economic or financial indicators are released today.
The pair also moved sideways Friday as most traders took the day off and volume was extremely thin.
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.
The fundamental scene is quiet today, for the reasons mentioned above.