A new range zone has been established on the EURUSD 1H chart, and there may be some opportunities for entries before a breakout. The current range is roughly 39 pips, so the range zone is quite small. Resistance to the range zone is at 1.09463, and support is at 1.09072.
There was a previous price rejection at 1.28486, which we have highlighted on the chart. This level could be a key level; if we break above the range zone, then the market will most likely test this level again. If there is a break below the range zone, we have a vector level at 1.08644 and a second vector level below that at 1.08014.
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Thanks for the update on the new range zone. As you have stated, this new range zone is tight so I'll be looking for a break above or below to target one of your vector levels.
BluetonaFX
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@Kibishii, Thank you for your comment, we also look forward to seeing where this goes!