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EURUSD: Where to EU?


Daily Time Frame: On the higher time frames we can see price is ranging between the daily 1.1000 resistance and weekly 1.07750 support. Price rejected 1.1000 key psychological and is now testing the midpoint between our support and resistance.

 

4Hr Time Frame: Scaling down to the 4hr we can see that price managed to break above 4hr consolidation is now testing support. If price manages to hold look to buy this back about to 1.1000 key resistance. however, if price violates this zone and retests as new resistance, then look to sell this back down to 1.07750 key support. Due to the uncertainty of market fluidity, risk management is highly recommended.

 


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