This week the EUR/USD
pair is again trading between two solid boundaries, with the resistance level
at 1.2500 and the support one at 1.2400, and as long as the stock fails to breach either of them it makes no sense to follow the trend. At the lower bound the pair will send false signals for short trading, while near the upper boundary investors will see false signals for long positions. Bearing SMAs I mind is also useless as average prices within the band are not updated.
My forecast participates in the Market Forecaster contest. Follow the link
to vote for it and help me win the top prize. Thank you.