EUR/USD in consolidation mode, no clear trend yet
EURUSD is in a consolidation mode and no clear trend has emerged yet. Price is confined within
a small range. It is important to note that for uptrend to resume, the price has to break the
upper boundary of the consolidation range.
After that,it must also cross the Moving average. Then, we can trade with some bullish bias.
Until then, the trend remains neutral. This is my two cents on this pair.
a small range. It is important to note that for uptrend to resume, the price has to break the
upper boundary of the consolidation range.
After that,it must also cross the Moving average. Then, we can trade with some bullish bias.
Until then, the trend remains neutral. This is my two cents on this pair.
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.