Higher on the day

The EURUSD has pushed to new North American session highs. Yippee. The move has also taken the price into positive territory for the day. Yippee again.

The range remains at 56 pips for the day. This would be the lowest trading range in 2016. There were 13 days in 2015 with ranges lower than or equal to 56 pips. So it is somewhat of an anomaly.

Looking at the other major currency pairs against the dollar, the day was not so unusual.

The GBPUSD's range was 194 pips - well above the 122 pip 22-day average.
The USDJPY was within 5 pips of what is normal.

The USDCHF was close to average as was the AUDUSD and the NZDUSD.

The USDCAD was like the GBPUSD. It's trading range was a huge 280 pips (vs 153 pip average).

So the EURUSD is the dog today. There still is an hour and a half to make a difference, but the pips remains tough.