walker.england

EURUSD Trades to Range Support

FX:EURUSD   Euro Fx/U.S. Dollar
637 0 2
Talking Points
• Today’s EURUSD             trading range measures 55 pips
• R3 range resistance is found at 1.1229
Bearish breakouts begin under 1.1106


The EURUSD             has begun Tuesdays trading inside of a defined 55 pip pivot range. As of the US Open, the pair has moved to range support, found at the S3 Camarilla pivot at a price of 1.1174. In the event that the pair remains range bound, a bounce from support opens prices to test values of resistance. Today’s range resistance is found at the R3 pivot point displayed below, at a price of 1.1229. If prices remain between these values, traders may look to continue initiating range based positions.

It should be noted that Euro-Zone Consumer Confidence numbers are set to be released at 14:00 GMT             . Euro             Consumer Confidence is listed as a medium importance event on the economic calendar, with an excepted release of -7.0. Any deviation from this expectation may prove a catalyst for a EURUSD             breakout. Bearish breakouts will begin under the S4 Camarilla pivot found at a price of 1.1106. A move to this point would suggest further bearish momentum on the creation of a fresh weekly low. Alternatively a breakout above resistance, at the R4 pivot above 1.1270, In the event of a breakout, any range bound trading should be at least temporarily concluded. Traders may then adjust their positioning based off of the present market conditions.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out