Forex Trading: EURUSD Steady But Now Down On The Day
Written on May 28, 2011 by Julia Woodard
The EURUSD moved higher on the opening but has been below those level since. The price low dipped below and old trendline on the hourly chart (see chart above) but the price moved back higher. In the latest hour, the price dipped below the support line again in the European morning session, but it is more from time moving on, rather than extreme market selling.
The market is steady within a narrow range. The low came in at 1.4256. The high came in at 1.43207. The 65 pip range would normally make me look for a range extension but with the quiet and steady markets as a result of holidays in the UK and US, the momentum may be hard to find.
Similar Posts:
- Forex Trading: USD/JPY Consolidates During Bearish Onslaught
- Forex Trading: EURUSD Tests Key Resistance. Will The Move Fail? 1.4508 Is Eyed
- Philippine National Bank (PNB) To Make Some Noise?
- Hummmm…… Strike 3, I’m Out?
- Cross Market Compression Levels To Watch July 24
