2013.02.19 : Movement expected although another slow day in terms of economic data is ahead
EUR/USD
The lack of economic data combined with the fact that Mondays are usually slow days resulted in sideways price action and low volatility fro yesterday’s trading session. The US Banks were closed celebrating Presidents Day and even Mario Draghi’s speech couldn’t do much to speed things up.
Technical Outlook
Fundamental Outlook
GBP/USD
The pair also had a trading session characterized by sideways movement and no important levels were decisively broken.
Technical Outlook
Fundamental Outlook