EURUSD has been ranging for the past 4 days, rather wide swings.
For now, EURUSD looks support above 1.1806 but I cannot ignore the possibility of further down move if 1.1806 breaks. Lower support at 1.1780-88, 1.1764-68, 1.1748. 1.1734 should cap low of day, presenting low risk buy level.
If 1.1824 break, we might see 1.1842, 1.1876. 1.1898 should cap high of day, low risk short level.
For now, EURUSD looks support above 1.1806 but I cannot ignore the possibility of further down move if 1.1806 breaks. Lower support at 1.1780-88, 1.1764-68, 1.1748. 1.1734 should cap low of day, presenting low risk buy level.
If 1.1824 break, we might see 1.1842, 1.1876. 1.1898 should cap high of day, low risk short level.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.