Technically, EURUSD is in a position to make a pivot to towards the monthly Volume weighted price (VWAP)
Price is currently 2 standard deviations away from MOnthly VWAP
weekly VWAP acting as resistance
RSI over 50 trending up
Price is currently 2 standard deviations away from MOnthly VWAP
weekly VWAP acting as resistance
RSI over 50 trending up
Note
So it is bouncing around the support zone and Weekly VWAP zone Just gotta be patient.
Look for rentry at 1.14458 Support zone
or look for break above 1.4808 - Weekly VWAP
Note
Note
Was wrong here guys The daily Timeframe was dictating to the down side.
If you were quick on 15min -1hr TF you may have snuck in 1 trade there.
Now we wait till the major zone is tested.
Note
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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.