It seems the markets have taken pause ahead of the Easter break, there isn’t much activity across the currencies as most markets remain flat with the weekly candles showing indecision. These stale, low volatility markets can be frustrating for traders but it’s where you must demonstrate the highest levels of discipline.
EURUSD very flat at the moment, it’s like we’ve got the sails up but there is no wind to push the boat along. However the market has tried to rally higher a couple of times and the market has clearly denied these higher prices, closing as bearish pin bar. This could be a signal of what is to come when the markets pick up momentum again.
It’s not recommended to trade in quiet markets like this, but this could be an early tip for further downward movement next week.
I hope everyone has a fantastic easter and enjoys spending some time off with their loved ones.
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