The trendless market is continuing and memories of the period of steadily falling volatility in the years 2016 to 2020 are returning. For players with vol short positioning (market makers, for example), this means constant and predictable flows of income. Protagonists with a real need for hedging may also be satisfied with the current situation of "fixed exchange rates". For active players, however, it is slowly becoming tedious and we can only hope that March will offer a little more volatility. Until then, it is important not to get frustrated by the market and to collect pips rather than being constantly stopped out with swing trades.
Five consecutive daily closes below the 104.00 mark were not enough to put pressure on the Dollar Index (=DXY). If the index closes above the 104.00 level today, the 104/105 range will be active again and a retest of the upper side is possible. Below the 103.60 support level I would no longer look for dollar longs.
EURUSD -- 1.0810
It has been a week since the last morning call and the currency pair is trading at almost the same level. The short-term trading range should be well defined by the mid Bollinger band (1.0791) and the 50 ema (1.0877). Above the 1.0877 resistance, the euro short scenario is over. Below the 1.0791 support, a test of 1.0700 is likely.
GBPUSD -- 1.2636
Sterling is currently trading against the dollar pretty much in the middle of the wider 1.2500/1.2800 range in which the currency pair has been consolidating since December. I would rather be flat at this level than struggle with 50% chances. The next resistance zone is likely to be at 1.2700/1.2719. The 200-day line remains an important support.
AUDUSD -- 0.6495
The red candle looks like a stop loss run to me. In this respect, there is a small chance that it is a false break of the 0.6522 pivot point. If the Aussie reclaims the 0.6522 treshold solidly, I would try longs again.
Good luck,
Sebbo