· Activity dropped below the 50th percentile level as investors sat on the sidelines ahead of Wednesday’s FOMC meeting.
· EUR/CZK posted a key bearish day on Monday, but a lack of activity signals that investors were not backing the move. Further downside is likely limited by the 25.50.
· Lack of direction in the major USD pairs saw volumes fall as investors stay out of the markets.
· Activity in USD/NOK was at twice the previous day’s level as buyers emerged ahead of the 200-day average near 5.7025.
Read the full report:Technical Research
Barclays