EUR/USD has
been glued to the middle band of the Bollinger Bands indicator on the daily filter chart for six days now
and range continues. The situation still seems quite uncertain to me and I am
still patiently waiting for a proper signal. As it is, it either has to break above the resistance at 1.2750 – 1.2760 so it can reach its target around
1.2850 or it has to break below the support at 1.2500 so it can continue its
descent to the long term-target around 1.2000. Either way, it looks like we
will have to wait a bit more until it becomes clear where it is headed.
Great post! I agree with your view.
ReplyDeleteEURUSD has been consolidating sideways after a break above its 10-day moving average last week. This upward movement has created a short-term bullish environment and a long-term consolidative outlook above 1.2500. On the 4h charts there is a bullish flag pattern under 1.2700 and a break above that level should accelerate gains toward 1.28.
ReplyDeleteVery good analysis, excellent point of view.
ReplyDeleteGood analysis, I will keep eye on it.
ReplyDeleteYes, ranging continues.
ReplyDeletelots of volatility
ReplyDeleteGreat analysis! I'll be very careful with this asset.
ReplyDeletegood point of view
ReplyDelete