1 Hour Intraday Trading
EUR/USD from the 20th of March tried to go
up and down, these moves and the pressure from bulls and bears forced the pair
to trade in range, as shown in yellow channel since we don’t have a clear
trend. In 10 days’ time rate managed to go from 1,3765 to 1,3875 (110 pips move)
and then retrace back to 1,3702 (173 pips move) before it comes again to the
start where it was before 10 days. This move is just showing us clearly that
there a strong fight between Bulls and Bears……
SCENARIOS
If we see our indicators MACD is closing to 0 while
Stochastic is oversold. Taking into consideration these two indicators in
relation with the upward move that price is trading the last three days it is
very possible to see the price moving to higher rates trying once again to the
R3 level.
INDICATOR ANALYSIS EUR/USD
INDICATORS TABLE
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