Although the market showed some activity on Monday, it led to nothing significant, largely due to the completely empty macroeconomic calendar. In addition, global attention remains focused on the Palestine-Israel conflict, which flared up with unprecedented intensity. Since today will be the same with the empty calendar and major media outlets preoccupied with finding the cause of the events in the Middle East, the situation in the market will likely remain unchanged.
Despite local activity, EUR/USD remains at its previous levels. The levels 1.0500 and 1.0600 could be tentative trading ranges.
GBP/USD shows similar price fluctuations. It trades at 1.2150/1.2270, and breaking through one of these key levels will lead to strong price movements.
