Jump to content

Forex: EUR/USD operates without direction


Recommended Posts

FXstreet.com (San Francisco) - EUR/USD again traded in choppy consolidation mode Thursday, and hit a 7-day high as it traded in range between 1.2230 and 1.2322, finishing the North American session virtually unchanged from its starting price at 1.2278.

The pair seems to be unable to find direction and, as Valeria Bednarik, Chief Analyst at FXstreet.com notes of the 4-hour chart, “a succession of higher lows point for an upward extension, although price needs to break mentioned resistance, to gather enough bullish momentum,” she comments. “At this point, sellers will retake the lead only on a break of the yearly low at 1.2161.”

So far in early Asia, EUR/USD sits unchanged around the 1.2275 area. The analyst identifies at support levels at 1.2250, 1.2230 and 1.2200, while resistance levels lie at 1.2310, 1.2340 and 1.2385

Link to comment
Share on other sites

  • 4 years later...

Last night, I got 55 pips by buying this major currency pair! I found a good buy trade there according to live market analysis of TradingBanks and I got my TP within 4 hours! I see, their market analysis’s are very useful for understanding market nature! That’s way, now I do not use others service even any technical indicator into my live trading chart!

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.



×
×
  • Create New...