here is my detailed analysis for EU today.
http://i1086.photobucket.com/albums/...psb03cdab6.jpg
current price @ 1.3035.
any price above 1.3045, EU will try to break its previous daily high which is 1.3074 (unlikely to happen but it may happen )
Any price below 1.3020, EU will try to break its previous daily low which is 1.2954 (I do expect this is what we are going to see to day)
Average Daily Range for the past 1, 5, 10, 20, and 60 days is 83.4, 121.1, 108.9, 115, and 104.1 respectively
Max Daily range 179.3 pips for the past 2 weeks and 271 pips for the past month.
With a given statistic and scheduled news release, I expect today price range is around 120 pips (currently only 16 pips on my chart)
If the price going downward, i think EU should reach 1.2915 area which is my maximum TP for today shorts.
http://i1086.photobucket.com/albums/...psb03cdab6.jpg
current price @ 1.3035.
any price above 1.3045, EU will try to break its previous daily high which is 1.3074 (unlikely to happen but it may happen )
Any price below 1.3020, EU will try to break its previous daily low which is 1.2954 (I do expect this is what we are going to see to day)
Average Daily Range for the past 1, 5, 10, 20, and 60 days is 83.4, 121.1, 108.9, 115, and 104.1 respectively
Max Daily range 179.3 pips for the past 2 weeks and 271 pips for the past month.
With a given statistic and scheduled news release, I expect today price range is around 120 pips (currently only 16 pips on my chart)
If the price going downward, i think EU should reach 1.2915 area which is my maximum TP for today shorts.
Everything in the world has its own rhytms