EURUSD trading pair analysis for today shows us that the price is holding back in the space between daily trend line support and horizontal resistance line.
EURUSD Chart Friday’s Summary
Friday was a little bit messy where the price jumped up and down. Like I said it is better to stay out because of traders getting out at the end of the week.
If we see EURUSD pip range analysis we can see that the pip range is lower on the Friday. That means less traders are trading and market is calming down.
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I am Using in My Analysis
Today’s EURUSD Chart Forecast
Because of Monday I like to stay out from the market to see what the price will do. Today we can see that the price is holding back and does not move in any direction for a larger amount of pips.
It means that the price does not have strength to be moved up or down. Small H4 candles are forming and all of them are inside 20 pips.
EURUSD have different pip range on each trading session in a day and on each day in a week.
EURUSD Chart – Bullish Scenario or Bearish Scenario
I want to see the price closing below 1.07825 if I want to get into SELL order. That will mean the price have more sellers to move the price more down. Price would go to the 1.07356 and later on to the 1.07000 level.
If the price close above 1.09028 we would see price moving higher to the 1.09371 level. Later on the price could hit the 1.09860 level. To get above range area price will need strong buying power because currently it is too far from that level.
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