Struggling to regain momentum following the bounce off higher lows peaked at 1.1482.
The pause above 1.1400 following the high suggests current range is within 1.14-115. Assuming this is the case, the struggle to regain 1.1450 the past two days (high so far today 1.1449) has cooled the upside and sets the trading tone within the 1.14-1.15 range.
Don’t let the tight range lull you into complacency as below 1.1450 gives the feeling of trading offered and while a case can be made in a bid market unless 1.1400 breaks on the downside, the jury is out on this..
(AT daily chart)
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