What area is the key barometer for the EURUSD in the new trading week?

Technical Analysis

The EURUSD made it’s week’s low on Monday, and reached the pairs high to day. The move higher has taken the price back into a consolidation area going back to May. The low of that consolidation range will be the key barometer for buyers and sellers going into the new trading week.

The video above, outlines that key barometer and explains the other targets to both the upside and the downside for the EURUSD.

Articles You May Like

EUR/CAD Price Analysis: Pair fell below 1.4700, lowest since July
USDJPY bounces off 100 bar MA on the 4-hour chart. Can the buyers keep the momentum?
Trump might name Kevin Warsh as Treasury chief then Fed chair later, report says
GBP/USD Price Forecast: Stumbles and hovers around 1.2520, ahead of next week data
USDCHF Technical Analysis – Will the US Dollar reach new highs?

Leave a Reply

Your email address will not be published. Required fields are marked *