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A very sluggish trade continues on the market. We are waiting for a large package of data in the US after 14:30. The main thing – the report on retail trade.
EURUSD
We are on sale from 1.1070 – however, in the case of growth to 1.1045, we get into a purchase.
On the state of the market.
Since the fall of 2018, the EURUSD market has fallen into a huge, very sluggish range with a slow decline.
A year has passed, and the state of the market remains a sluggish range.
For beginning traders who entered the market no earlier than the fall of 2018 – it seems that this will always be the case – a "new reality". In this "new reality" – the pullback, counter – trending systems work perfectly – we stand against the movement, return to the average, open on the oscillators – we buy from below, we sell from above. As long as it works.
However, keep in mind that this has not always been the case – and will not always be the case. Look at the history of the euro on the weekly chart – previously, about twice a year, there were strong directional movements – trends – by 1000 points in the 4-sign-and more.
And sometime such market behavior will surely return.
What is the cause of the current stagnation of the market? A long period of ultra-low rates of the central bank – caused a general decline in yields – and as a result, a strong drop in the efficiency of capital flows between the developed economies of the US and the EU (between the euro and the dollar).
What will be the signal? A break above 1.1180 or below 1.0880.
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