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DeGRAM
Apr 19, 2023 8:48 AM

DeGRAM | EURUSD in consolidation  Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD is consolidating. It could break and close above the resistance at 1.09800. It's an indication that the bull has run out of steam.

Price action is most likely to continue consolidating. 

A breakout of the consolidation zone will determine future price action.

We anticipate further consolidation or a bearish move if price breaks the consolidation zone.


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Comments
JoeChampion
Good work DeGRAM, i'm watching too around 1.09700!
FOREXN1
Possible scenario , honestly we are Long. Will see.
WalterMoon
Thank you for your EURUSD insight
DeGRAM
Good luck in the markets and have a great one!
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