walker.england

EURUSD Remains Range-Bound

FX:EURUSD   Euro Fx/U.S. Dollar
762 0 2
The EURUSD             moved to values of support this morning, but so far has failed to breakout towards lower lows. Current support is found at the S3 Camarilla pivot point , found at a price of 1.1291. If prices remain support, traders will expect the EURUSD             to continue trading sideways inside of todays             49 pip trading range. This means price may bounce from support towards values of resistance, including the R3 pivot displayed above at a price of 1.1340.

Despite prices failing to breakout on US Advanced Retails Sales numbers this morning, a late day breakout is always a possibility if market volatility increases. If price action             rises above the R4 pivot , found today at 1.1365, this would suggest a fresh bullish bias for the pair on the creation of a new higher high. Conversely, a breakout below the S4 pivot , found at 1.1266, would open the EURUSD             up towards future declines on the creation of a new weekly low. In either breakout scenario, it should be noted that all range based positioning should be concluded. At which point, traders can adapt their trading to the markets chosen direction.
Malaysia
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
简体
繁體
Laman Utama Penapis Saham Pengesan Isyarat Forex Pencari isyarat mata wang Crypto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Sokongan Layanan Keutamaan Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Sokongan Layanan Keutamaan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar