itradeandwin

EURUSD Stuck in a rectangle, eyes on US CPI

FX:EURUSD   Euro / U.S. Dollar
US Core CPI             will be released at 12:30 GMT            

H1 CHART TIME FRAME:
Stuck in a narrow range of 40 pips. Rectangle Pattern.
On the Downside: 1.23000,1.22700 and 1.22400 are the support levels.
On the Upside: 1.22590, 1.23900 and 1.24200 are the resistance level

H4 CHART TIMEFRAME:
RSI NEUTRAL
ABOVE EMA 200, TESTING EMA 50 AND EMA 100 RESISTANCE

https://uk.tradingview.com/x/ghvMDyBL/

Conclusion:

US CPI             may give us a fresh direction to trade. We must wait for the breakout of the rectangle and enter a trade in the same direction of the breakout.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out