Yesterday I
was looking at the EUR/USD four-hour filter chart and I was thinking that the
pair would probably reach 1.1280 and then bounce off of it and that is exactly
what happened. It reached that level, formed a doji candlestick and started
moving to the downside again. Now the question is whether it will be able to
break below the support 1.1230, because of it does it will mostly likely
continue towards 1.1140. As it is, for now the tight range continues and I am
starting to think that nothing short of Fed changing the interest rates will
end it.
Interesting info!
ReplyDeleteGood and clear analysis.
ReplyDeleteEur/Usd holds firmly above 1.13 level.
ReplyDeleteGreat analysis, thank you for it.
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