andrewunknown

EURUSD: Rectangle Setting Up Fat Pitch(es)

FX:EURUSD   Euro Fx/U.S. Dollar
145 0 0
EUR/USD's last 48 hours have produced a simple rectangle/flat/flag range consolidation with clear support and resistance levels at 1.3255 and 1.3295. With the necessary caveat about special situations (i.e. whipsaws),these periods of low volatility are excellent passages to identify and lie in wait for high probability setups built around discrete levels well-suited for risk management.
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