The EURUSD has been in a tight channel. Although it appears to be a 100 pip channel 90% of price action is contained in 20 pip ranges making it difficult to get a good trade setup. If price action does not change through the Asian and into the London market we will look at it again during the New York session. The GBPUSD has several nice trades that could develop in the next couple of trading sessions. Please take a few minutes to review the forex LIVE market training video for the trade setups we are looking for.
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