EUR/USD's last 48 hours have produced a simple rectangle/flat/flag range consolidation with clear support and resistance levels at 1.3255 and 1.3295. With the necessary caveat about special situations (i.e. whipsaws),these periods of low volatility are excellent passages to identify and lie in wait for high probability setups built around discrete levels well-suited for risk management.
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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.