848evo

[TRADE FORMING] EURUSD Channel Breakout

FX:EURUSD   Euro Fx/U.S. Dollar
44 0 1
Looks like EURUSD             has moved further down in recent light of the news on oil             inventory. It has formed a nice channel though and we should look for a breakout in either direction of the channel to determine trade direction. Waiting for official US oil             inventory report at 10:30 am and we should then see some action.

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***** HOW TO READ THE CHART: The red and blue lines represent clusters of BUY/SELL orders. The thicker the line, the stronger the cluster. Red = SELL, Blue = BUY. Grayed Out = Cluster Hit & Gone.
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