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JayanVarsani

EUR/USD RANGEBOUND CONSOLIDATION ZONE

Short
Euro / U.S. Dollar (FX:EURUSD)  
JayanVarsani  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns fx range euro dollar EURUSD GBPUSD EURGBP sideways consolidation
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trendanalysis chartpattern fx range euro dollar eurusd gbpusd eurgbp sideways consolidation
  • Expectation for price to trade between boundaries until breaking out.
  • Place stops outside these boundaries with adequate room.

VERDICT:
  • Short-term: Price will carry momentum downwards to test the lower boundary.
  • Medium-term: Sideways trading between zones.
  • Long-term: Lower boundary will give, with price heading lower.
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