Hey traders!

Prices stayed within the yellow range during the morning. Just now we see a breakout to the low side and another downtrend forming (blue). All in all very slow price action, and barely any trade possibilities. The markups are aggressive trades considering the congestion. There is a FOMC statement later so traders are probably waiting for that. The downtrend is in play still so once it got broken we can expect a retest of the lows.

Hope you had a good trading day.