Technical Analysis

EURUSD trades back near unchanged in up and down day

Sellers can’t keep control

The EURUSD is trading above and below the unchanged (at 1.1173). The sellers made a push below a swing area at 1.1164-66, but could not sustain the momentum.  A move below a lower trend line on the hourly also failed.  Sellers covered.  

The high today – reached in the London morning session) stalled at the broken 61.8% at 1.11835.

There are red bars and green bars in the price action today.  Watch 1.11646 below and 1.11835 above.  We sit in the middle.  

ForexLive

Articles You May Like

Major US stock indices close with gains
US stocks open higher. S&P index back above 3000
One week of earnings is over. What is on the schedule for next week?
Explosive Ichimoku Renko Trading Strategy | How To Swing Trade Stocks Like A Samurai
Iran Pres. Rouhani says Iran is determined to leave doors open to save nuclear deal

Leave a Reply

Your email address will not be published. Required fields are marked *