Killy_Mel
Long

FX CHART OF THE DAY: EURUSD BREAKOUT PROBABILITY

FX:EURUSD   Euro/U.S. Dollar
EURUSD             is tagging upper band of lateral channel with in which it was trading laterally, marked by the upper 1st standard deviation from weekly (120h) mean.

Volatility , measured by 3.2 standard deviations from the mean does not show compression.

Thus price can breakout into a leg of uptrend if it trades above the 1st st             deviation (at 1.0971)

Traders can pick this long trade with a stop at the weekly mean (at 1.0925)
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