EUR/USD went below its 5-year average at 1.1500 and traded up to its average target at 1.0800. In the last three months, EUR/USD moved 700 points from 1.1000 to the lows at 1.0300 and 400 points in the last two months. Since the 1.0800 target, EUR/USD has failed to break significant averages to make an uptrend, instead trading within a 400 pip range with no direction or target.

Overall, it is highly unusual for GBP/USD and EUR/USD to trade 400 pips for 3 days in a row, for example. Today's trading range doubled in the last 3 years from 150 and 200 pips to 400, 500 and 600 pips. 

But larger ranges do not indicate abnormal prices and movements, as the volume of currencies, stocks and commodities are traded normally. Accordingly, the only difference today is that the averages are wider apart today. These defaults allow for larger profits than normal, but the entry points become riskier. 

Our specialty over the years has always been weekly trading. Of course, we are still just as competent today, but the profits from day trading have increased tremendously with larger fluctuations. Day trade profits today far exceed profits from weekly trades, if you look at the ratio of 50 weekly trades to 50 day trades.

The only strategy at the moment is long (with some shortcuts) and the target at the end of the week is a EUR/USD price at 1.068. Then another rise is possible at 1.075. Longer term targets are at 1.09, 1.12 and 1.13.