Today on EURUSD – Daily and H4 charts support “sleep galore.”

Pls NOTE: I believe all the majors are simply waiting for the major news announcements: Rate announcements, etcetera, from Europe & Britain today; NFP, etcetera, from US tomorrow. At the other extreme, we might experience intense volatility. Let’s be wary of this current environment.

On the Daily chart above, price is hovering around the upper part of what I believe is referred to as a rising wedge (I’m still learning about the formation). Based on the recent “doji” candles formation, we would notice the last two days ended indecisively. There is a possibility price would want to break above the wedge – based on fundamental leaning; there’s also a possibility price might want to retrace to the lower side. There seems to be a need for catalyst here. In short, the market is currently indecisive.

On the H4 chart above, it’s pretty obvious the market has been hibernating for days; we need active movement to have an informed bias.

On the Hourly chart above, market’s very subdued activity is just very visible. I believe patience is the key here.