-
EUR/USD Testing 1.32 Consolidation Resistance
Consolidation, breakout scenario: The 4H EUR/USD chart shows a market that is consolidating after a bullish swing from 1.2754 to almost 1.32. The consolidation has been around a flat 200-4H SMA, which means price has been swinging around a neutral price area within a non-directional market. However, a pop above 1.32 exposes the EUR/USD to 1.3411, June high. Before that, there is possible resistance in the 1.3255-1.3270 area, which includes a support/resistance pivot and 78.6% retracement. Moving averages, RSI: As noted, the 200-4H SMA is flat, showing an overall directionless market, which is true after the 2013 ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Jul 22, 2013 8:07am Jul 22, 2013 8:07am
- adnananjum
- | Joined Jun 2013 | Status: Senior Member | 32 Comments
- Comment #2
- Quote
- Jul 22, 2013 8:15am Jul 22, 2013 8:15am
- johnel
- | Joined Jan 2012 | Status: Member | 508 Comments
- Comment #3
- Quote
- Jul 22, 2013 8:18am Jul 22, 2013 8:18am
- Guest
- | IP XX.XXX.17.49
- Comment #4
- Quote
- Jul 22, 2013 8:34am Jul 22, 2013 8:34am
- jegas
- Joined Oct 2011 | Status: Forex is an Unpredicatable Game.... | 1208 Comments
- Comment #5
- Quote
- Jul 22, 2013 8:40am Jul 22, 2013 8:40am
- cppolybd
- | Joined May 2012 | Status: Member | 800 Comments
- Comment #6
- Quote
- Jul 22, 2013 8:53am Jul 22, 2013 8:53am
- vankola
- Joined Feb 2013 | Status: Member | 7 Comments
- Comment #7
- Quote
- Jul 22, 2013 8:59am Jul 22, 2013 8:59am
- PA is King
- Joined Jun 2013 | Status: Member | 2571 Comments
- Comment #8
- Quote
- Jul 22, 2013 9:04am Jul 22, 2013 9:04am
- jpadvisor
- Joined Jul 2013 | Status: Member | 35 Comments
Per aspera ad astra
- Comment #9
- Quote
- Jul 22, 2013 10:15am Jul 22, 2013 10:15am
- fxtimes
- | Commercial Member | Joined Nov 2009 | 402 Comments
- Comment #10
- Quote
- Jul 22, 2013 10:18am Jul 22, 2013 10:18am
- ali awan
- | Additional Username | Joined Jun 2013 | 429 Comments
- Comment #11
- Quote
- Jul 22, 2013 10:45am Jul 22, 2013 10:45am
- xiaodunggua
- | Joined Jul 2013 | Status: Member | 3 Comments