Forex technical analysis: Traders keeping the EURUSD under wraps (for now)

Range is 28 pips.  The 22 day average is 67 pips. There is room to roam.The EURUSD is stuck in a 28 pip trading range today with lots of ups and downs.  When a key trading pair is in such a narrow range, that is often a prelude for a break.  There is room to roam. The average trading range over the last 22 trading days is 67 pips (about a month of trading).  

So which way will it break?
HMMMM…The market does not really know. That is why it is just sitting. That is ok.  However at some point, the «market» will figure it out. The range will be extended — one way or the other.  It is, what it is.  
What I know technically, is the high came in at 1.16108 and the 100 hour MA comes in at 1.16127 (and moving lower). A move above that MA line, and then above the 200 hour MA at 1.1621 would be catalysts for more of an upside move. The bias would be more bullish.  A move above is a signal the buyers are taking more control.  They are starting to overwhelm the sellers. 
On the downside, the low today came in at 1.1582. The low from Monday came in at 1.15798.  The swing low from October 27th come in 1.15732. If you look back to yesterday afternoon, that level was a base for the modest move higher since then (see post from yesterday here outlining that level). A move below that area would show me that the sellers are taking more control. The buyers are losing.  
Any other clues?
We can drill to the 5-minute chart.
Looking at it, you can see the ups and downs today. The 100 and 200 bar MAs are near the middle of the trading range and they are converged at 1.1594-95 area.  The price moved above those MA lines and has remained above over the last hour or so. Buyer? Perhaps. Stay above is more bullish. 

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