Trader_97

EURUSD TRADING RANGE CONTINUES TO SQUEEZE

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
2
ACCORDING TO H1 TIMEFRAME EURO SEEMS TO HAVE FOUND A NEAR TERM SUPPORT THAT ITS HOLDING ON TO AROUND 1.0628 AREA.STOCHASTICS MOVING WELL BELOW THE 20 MARK.IF THE PAIR CONTINUES TO RESPECT THE CHANNEL ITS TRADING INSIDE.HERE'S HOW WE MAY CONTINUE TO MOVE.EURO MAY FIND SHORT TERM RESISTANCE AROUND THE 1.0660-74 AREA. SUPPORT LIES AT 1.0628.BELOW THAT WE HAVE SOME SUPPORT AT 1.0604-1.0594 AREA.LOOK TO SELL ON HIGHS .PRICES STILL WELL BELOW THE 100 DAY SMA AND 50 DAY EMA

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.