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EUR/USD: Waiting for breakout from consolidation range
After the initial rally to start the week that showed “gaps” on retail charts, the EUR/USD once again failed to push above the 1.26-1.2615 resistance during a holiday in some European countries (Whit Monday), and a Memorial day in the US. The 1H chart shows the market in a consolidation range roughly between 1.25 and 1.26.The RSI is also roughly between 40 and 60, reflecting range-bound momentum. It should be noted that the trend has been bearish so the bias is to the downside. Should the European session make a new low below the 1.2492 low from last week, the next key support is seen at 1.2330-1.2350 area, with ... (full story)
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Time turns trend. - W.D. Gann
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Why such a rigid stance? To learn is the funniest process in live...
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