Posted by Marge Maresca on Tue, May 05, 2015 @ 07:00 AM
May 5, 2015 – European ranges for Major currency pairs provided by WorldWideMarkets. The London session, which is the largest trading center where approximately 40% of the daily FX volume is transacted, is arguably the most liquid and efficient trading period of the day. Consequently, the ranges that are defined during this session are quite relevant when the second largest trading session, New York, begins.
European Ranges – FX ranges since the European session began.
| EUR/USD | USD/JPY | GBP/USD | EUR/GBP | EUR/JPY | AUD/USD | NZD/USD | USD/CHF | EUR/CHF | |
| HIGH | 1.1147 | 120.42 | 1.5151 | 0.7364 | 133.90 | 0.7920 | 0.7556 | 0.9412 | 1.0425 |
| LOW | 1.1066 | 120.02 | 1.5087 | 0.7315 | 133.10 | 0.7795 | 0.7495 | 0.9336 | 1.0380 |
| RANGE | -0.0081 | +0.40 | -0.0064 | -0.0046 | +0.80 | +0.0125 | -0.0061 | -0.0076 | -0.0045 |
Chart – AUD/USD fell after RBA rate cut, then rebounded as policy is seen as nearing its limits
The PremiereTrade Wizard’s decisive colors are great for analyzing any currency pair.
Images: WorldWideMarkets/PremiereTrade