Market Assessment - EURUSD

Looking at the Economic Calendar today, the only report of HIGH importance due out today is the CAD Bank of Canada Rate Decision & CAD Bank of Canada Releases April Monetary Policy Report at 3pm GMT+1. These reports will have a major impact directly on CAD currency pairs. The reports could also have an indirect impact on other currency pairs.

Assessing the EURUSD 5min chart, the Market is currently trending sideways between R1 and S1. I have placed a pending BUY order just above R1 and a pending SELL order just below S1, see chart.
I will only have ONE Live attempt at the Market prior to the Canadian report at 3pm GMT+1.

We continue to monitor the situation in Syria and North Korea.


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