EUR/USD low volume day

Today is a US bank holiday.

Evidently, volume is low and the EUR/USD is currently in a tight range.

After brushing R1, the pair has eased down but have yet to touch the pivot for the day.

Although the new trendline identified previously has been breached, this may be just due to low volume movement.

If bullish momentum continues, the 1.4362 area may offer some resistance as it was the high of 29 DEC 2008.

Bearish momentum will need to clear today’s pivot first at 1.4273.

S&P 500 is closed for the day while oil remains around $67.

Watch out for the Asian markets to open for more clues.

Trade safe.

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