EUR/USD Intra-Day Technical Analysis - bullish ranging within the levels for direction
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, 02-10-2016 at 08:40 AM (728 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 Support1.1337 1.1162 N/A 1.0903
- 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