The current range is 1870 and 18230, which we broke past around 4 am this morning. Plenty time left in the london session to see more breaks to the downside. Nice trend under VWAP, should be an easy day
Last week EUR/USD finished with a low demand on the CME Futures market.
After the breakout with an increased volume two weeks ago, a correction has appeared.
The price range 1,1430 - 1,1500 is still not tested as a support, as since the end of July the movement is based on a major range and increased volume. This is a bullish signal.
On Friday, the price broke...
Technical Analysis
After a modest rally, this week following Dollar weakness the Euro has a confluence of important technicals indicating possible weakness.
1) A retest of previous channel structure which has acted as important support and resistance over 3 months.
2) A retrace to the golden fib ratio 0f 50-61.8% (1.19200 - 1.16350)
3) Momentum divergence...
Hi friends
the daily chart of this market shows that it will experience with a high probability an uptrend in the coming days but also we must be vigilant of the change of direction towards the opposite
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if the (6E) breaks the vwap and the first resistance it will go up . so if you have a suggestion or advise , let it in the comments
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