EUR/USD Intra-Day Technical Analysis - near 100 SMA/200 SMA ranging area waiting for the direction to break the levels
by
, 01-20-2016 at 12:59 PM (1041 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 Support1.0975 1.0859 N/A N/A
- 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