Kumowizard

EURUSD - range trading, top building?

FX:EURUSD   Euro / U.S. Dollar
335 0 1
I don't see any good risk reward trade here in EURUSD             . Charts are really mixed, with lot of questions. It is basically trading in a range, I can not even say confidently it is building a top, or bottoms. Daily chart indicators mixed. On 4 Hrs             , the ADX is too low, Slow Stoch turning up right now, but in a non trending environment this upturn doesn't really mean much. Ichimoku setup is still rather bullish . However EURUSD             can turn really bullish only if breaks above massively the 1,3810 resistence, while we can see a bearish reversal only in case break of 1,3680 - 1,3700. It is better not to touch it now, since risk-reward is not good in any direction. Thursday's ECB might give it a push somewhere.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out