Hi Traders!
Please see our new levels for EURUSD below.
Vector Level: 1.08047
Vector Level: 1.09298
Anchor Level: 1.04833
Apex Level: 1.10956
The recent price action on the 1D chart is telling us that EURUSD is looking for a direction to continue in. We have been stuck in a range (highlighted on the chart) for the past two weeks or so, and key decisions and announcements this week from the ECB and the Federal Reserve will most likely take us in a certain direction.
To the upside, if there is any USD weakness or EUR strength, our first vector level is at 1.08047; we have not been above this level for almost a month. If the market breaks and closes above this level, then we have the next vector level at 1.09298 and then our apex level at 1.10956.
If there is EUR weakness or USD strength and we stay below 1.08047, then it is very likely that we will target our anchor level of 1.04833. This anchor level is a very important level, as we have not been below it this year.
This trading week will be very busy with all of the upcoming fundamental announcements, and there are bound to be big market moves, so make sure you trade safely and responsibly.
Please do not forget to support us by liking, following, and commenting on our posts; this helps us greatly.
Thank you for your support.
BluetonaFX
Please see our new levels for EURUSD below.
Vector Level: 1.08047
Vector Level: 1.09298
Anchor Level: 1.04833
Apex Level: 1.10956
The recent price action on the 1D chart is telling us that EURUSD is looking for a direction to continue in. We have been stuck in a range (highlighted on the chart) for the past two weeks or so, and key decisions and announcements this week from the ECB and the Federal Reserve will most likely take us in a certain direction.
To the upside, if there is any USD weakness or EUR strength, our first vector level is at 1.08047; we have not been above this level for almost a month. If the market breaks and closes above this level, then we have the next vector level at 1.09298 and then our apex level at 1.10956.
If there is EUR weakness or USD strength and we stay below 1.08047, then it is very likely that we will target our anchor level of 1.04833. This anchor level is a very important level, as we have not been below it this year.
This trading week will be very busy with all of the upcoming fundamental announcements, and there are bound to be big market moves, so make sure you trade safely and responsibly.
Please do not forget to support us by liking, following, and commenting on our posts; this helps us greatly.
Thank you for your support.
BluetonaFX
