EUR/USD Daily view – December 5 2018
The Euro Despite initial Rally yesterday stayed within its range and Bulls failed to break 1.1430. A range-bound pair and 1.1330 continues to remain a strong intra-day level. Longer term -Bears Want 1.1270 Bulls want 1.1500. The long-term Ascending Channel remains fully intact and the Blue Box spotlights the range.
Disappointing to remain range bound however it would be prudent to wait for 1.1.270 or 1.1440 to fade the edge
Prior Post
EUR/USD Daily view – December 4 2018 The Euro stays range bound but keeps its head above water as well does Gold its parity. 1.1380 1.1330 remain strong intra-day levels. Bears Want 1.1270 Bulls want 1.1500. 1.1330 on the 618 & R! Weekly & 1.1380 at the 38.2% Confluence Weekly Pivot {image}
Below now is current chart/Blue Box spotlights the range:
The Euro Despite initial Rally yesterday stayed within its range and Bulls failed to break 1.1430. A range-bound pair and 1.1330 continues to remain a strong intra-day level. Longer term -Bears Want 1.1270 Bulls want 1.1500. The long-term Ascending Channel remains fully intact and the Blue Box spotlights the range.
Disappointing to remain range bound however it would be prudent to wait for 1.1.270 or 1.1440 to fade the edge
Prior Post
EUR/USD Daily view – December 4 2018 The Euro stays range bound but keeps its head above water as well does Gold its parity. 1.1380 1.1330 remain strong intra-day levels. Bears Want 1.1270 Bulls want 1.1500. 1.1330 on the 618 & R! Weekly & 1.1380 at the 38.2% Confluence Weekly Pivot {image}
Below now is current chart/Blue Box spotlights the range:
Comment:
Bull Raget Exceeded