Preparing for a break from range trading

BACKGROUND: Euro/dollar declined sharply and steadily at the start of the year. This downtrend seemed to signal that trending markets would continue their domination that started in 2002. However, those hopes were quickly dashed by a series of fake breakouts and chart formations that failed to reach their targets.

This directionless trading translated into a choppy market that reduced the trading range from approximately 1,165 pips in the first quarter to only about 500 pips by the beginning of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: