The pair EUR/USD is trading in a well defined range between 1.1180 and 1.1350. At the time of writing it is trading at 1.1240 which is the 50% of this range so its pretty much neutral at the moment.
Plus, we got two conflicting chart patterns on different time frames which make the situation more complex to interpret and more difficult to find the direction at the moment.
On the Daily chart, the pair is trading within a bullish flag formation as seen on the chart above.
Fibo 61.8% is providing strong support around at 1.11670.
I'm gonna post another figure validating a bearish view.
Plus, we got two conflicting chart patterns on different time frames which make the situation more complex to interpret and more difficult to find the direction at the moment.
On the Daily chart, the pair is trading within a bullish flag formation as seen on the chart above.
Fibo 61.8% is providing strong support around at 1.11670.
I'm gonna post another figure validating a bearish view.
Ramzi Abou Abdallah, CFTe, CMT
♦️ Subscribe to my telegram channel for daily signals for free, link below:
♦️ t.me/accu_trading
♦️ Subscribe to my telegram channel for daily signals for free, link below:
♦️ t.me/accu_trading