For Exercise 2, My look at September 2017 showed the following:
EURUSD September MOR range is 1.18061 – 1.19355 (approx.). Most trading in September was within the MOR range and there was no clear ‘Control’ until the last few days of the month when sellers were in control. Therefore I would have not traded in this period for this market.
GBPUSD September MOR range is 1.29150 – 1.29900 (approx.). Most trading in September was significantly above the MOR and control was with the buyers for most of the month. Therefore this month had a strong buy bias.