EUR/USD, possible consolidation range!?

eur-usd 06.05.

I wrote about this yesterday in my EUR/USD analysis when the pair reached low range level. Is this possible development in the next few days? Yes it is, but keep an eye on this resistance 1.1280/300 and if the pair return back down, on the support 1.1000/050. For now, Daily MA100 stoped the pair on the way up at 1.1262 and that MA100 can squeeze this range in the next few days, if the pair remain bellow resistance. If the pair brake and close above 1.1300, more boost is possible and 1.1450 could be reached. Support at 1.1000/050 looks strong for now and I as wrote yesterday, the buyers are ready to react there. Let’s follow this and see what will happen here.

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2 comments

  • 1.1280/300 is broken.

    Liked by 1 person

    • It seams like that yes.

      Like

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