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EURUSD Technical Overview And The Key Levels

EURUSD Technical Overview And The Key Levels

EURUSD is stuck between 1.16500 – 1.17200. The pair is trading at 1.16800 as of writing.

The pair is trading above EMA 50, SMA 100 of the daily chart. Shorter term trend is bullish.

We will have a fresh trading opportunity after the breakout of this “NO TRADE ZONE”

Levels to watch:

Upside: 1.16880 , 1.17200 , 1.17500 and 1.17900

Downside : 1.16500 1.16270 1.15870 and 1.15700

We will publish our fresh trade idea as soon as we see a clear breakout.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

EURUSD Technical Overview: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

 

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