walker.england

EURUSD False Breakout

FX:EURUSD   Euro/U.S. Dollar
492 0 1
After traversing its daily 30 pip range, the EURUSD             has opened the US trading session with a false breakout. Prices attempted a move above today’s R4 Camarilla pivot at 1.0979, but this bullish breakout quickly reversed. Prices are currently trading back inside of today’s pivot range. As seen below, the EURUSD’s trading range begins at resistance found at the R3 pivot , at a price of 1.0964. If price continues to decline through values of support, traders will begin to look for price to target the S3 pivot found at a price of 1.0934.

Even though the EURUSD             is trading back inside of today’s range, changes in market conditions may always keep the possibility of another breakout open. In the event that price begins to again advance above the R4 pivot , this would suggest another attempt at bullish momentum for the day. Conversely if prices completely reverse, traders will look for the EURUSD             to trade blow the S4 pivot found at 1.0919.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out