it is week end time.Market awaits the out come of NFP to be announced by 12;30 GMT just before the US presidential election by next week.more caution may be seen among the traders while committing positions.
As a result EURO and GBP underwent profit booking moves .
Currently subdued moves are seen during japanese session.Euro and GBP are holding closer to initial low set for the day.they could make a false dip during late Japanese session .after some brief downward stop hunt during gap time they are expected to swing and rise during Early European session.Late European session they may breach the initial high set for the day..quick volatile moves may be seen during NFP announcement time.later firming up moves may be seen till close of European session.
Swing and rise moves are expected during US session for the week end.Players dropped and bought to book profit after the rise.
From next week after week beginning false move the upward trend may be set in EURO and GBP.