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Liquidity in markets fairly thin during US public holiday

GBP/EUR moved off the morning low of 1.3047 across the day posting a high of 1.3164 as traders positioned themselves in the market ahead of this mornings UK Inflation data

By Richard Nehme | Jan. 19, 2016 10:33 GMT
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With the US public holiday in the form of Martin Luther King day, the most traded pairing in the market the trading range was fairly tight. The paring hit a days high of 1.0909 during the London open and then throughout the day slowly edged towards the low of the day of 1.0869. Technical supports for EUR/USD are seen at 1.0859 and 1.0827 respectively. Resistance on the pair lies around the 1.0930 level initially followed by 1.0969 [...]

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