EURUSD - Ranges overview
Let's have a look at some forex (for a change) and let's see how EURUSD could play in the coming weeks.
We are currently below the range lows.
IF we break and hold below, expect us to continue lower towards 0.99415
IF we deviate from the current lows and hold above 1.04151 expect us to head back towards the high of the range at 1.1500 and eventually 1.21542.
This is a long term trade so PATIENCE will be key if you want to play it.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
We are currently below the range lows.
IF we break and hold below, expect us to continue lower towards 0.99415
IF we deviate from the current lows and hold above 1.04151 expect us to head back towards the high of the range at 1.1500 and eventually 1.21542.
This is a long term trade so PATIENCE will be key if you want to play it.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.