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EUR/USD Intra-Day Technical Analysis - near 100 SMA/200 SMA ranging area waiting for the direction to break the levels

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by , 01-20-2016 at 12:59 PM (1040 Views)
      
   
M30 price is located near SMA with period 100 (100 SMA) and SMA with the period 200 (200-SMA) for the ranging condition waiting for the direction to break the levels.

  • If the price will break 1.0975 resistance level so the bullish trend will be continuing.
  • If price will break 1.0859 support so the bearish reversal will be started.
  • If not so the price will be ranging within the levels.

Resistance
Support
1.0975 1.0859
N/A N/A

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  • Recommendation to go short: watch the price to break 1.0859 support level for possible sell trade
  • Recommendation to go long: watch the price to break 1.0975 resistance level for possible buy trade
  • Trading Summary: ranging

SUMMARY : ranging

TREND : waiting for direction

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