By ForexMansion.com
This pair continues to move sideways in a very tight range. This is because the central banks have all decided that a floor will be put in the market. The biggest issue is that nobody really knows where that is. Speculators seem to have gotten the message that was sent, and aren’t in a hurry to test the CB’s resolve in the matter. Because of this – you will find very little action in this pair for the time being.
