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Forex technical analysis: EURUSD near unchanged on the day

Discussion in 'Technical Analysis' started by ForexLive, Apr 21, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Bears remain more in control The EURUSD is near unchanged levels on the day (closed at 1.1296/trades at 1.1298 currently). The action has been wild with a move up toward 1.1400 (1.13975 high) followed by a plunge to 1.12675. Just to cause trouble the low took out the prior low and the low from from Monday (low for the week) by 6 pips, and then corrected higher. So for the day, the high for the week was extended by 10 pips (from 1.1387 to 1.1397) and the low was extended by 6 pips (1.1267 vs Monday low at 1.1273). For the week, the range is now 130 pips - still on the low side.

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