orvilleawright

EURUSD (4H) Trade from the edges and avoid the middle

FX:EURUSD   Euro Fx/U.S. Dollar
This is such a CHOP. Trade from the edges of the support and resistance zones and avoid the middle. There is resistance above the consolidation zone (1.125xx - 1.128xx). The top ( down channel ) line will also act as resistance.

Support is at the down channel low as well as between (1.112xx - 1.114xx) where the market has bounced several times.

However expect these support/resistance zones to be probed and broken as the market is simply chopping sideways with no clear short term direction.
Niverto
3 months ago
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