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Price action lacks momentum as the majors are looking for direction

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    General market theme Limited price action in the major money markets yesterday as traders remained undecided on what to do and preferred to sit on the sidelines. In recent weeks we’ve seen periods of extended volatility and overstretched rallies followed by times of limited price action and consolidation within a small sideways formation. With the Dollar’s outlook being in doubt since the beginning of the year and now the British Pound and the Euro under threat by the potential exit of Britain

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