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

Home Depot’s sales are improving, but it says consumers are still cautious about spending
AUDUSD bases near support. Stretching to new highs above swing area at 0.6505 to 0.6513.
Gold price today: Gold prices jump Rs 2,200/10 gms in a week, silver surges Rs 900/kg
Oil rises as intensifying Ukraine war increases supply risk
GBP/USD Price Forecast: Stumbles and hovers around 1.2520, ahead of next week data

Leave a Reply

Your email address will not be published.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