Ranges expected to continue this week
Although I’m suggesting the ranges should hold up this week this still opens the door to high volatility. Technicaly most currency pairs are still in a corrective mode of the larger moves that took place in the last quarter of 2008. I would for ranges to continue this week as no clear directions have taken place. What I would expect in the months to come would be renewed moves continuing the what was started in the last quarter however I would expect this is still 3 to 6 weeks away.