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EUR/USD Intra-Day Technical Analysis - bullish ranging within the levels for direction

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by , 02-10-2016 at 08:40 AM (739 Views)
      
   
H4 price is on primary bullish market condition with the ranging within the following support/resistance levels: 1.1337 resistance and 1.1162 support level.

  • If the price will break 1.1337 resistance level so the primary bullish trend will be continuing.
  • If close H4 price will break 1.1162 support so the local download as the secondary correction will be started.
  • If not so the price will be ranging within the levels.

Resistance
Support
1.1337 1.1162
N/A 1.0903

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  • Recommendation to go short: watch the price to break 1.1162 support level for possible sell trade
  • Recommendation to go long: watch the price to break 1.1337 resistance level for possible buy trade
  • Trading Summary: ranging

SUMMARY : ranging

TREND : waiting for direction

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