a quick retest of breakout area during NFP announcement is quite possible as it hasnt happened overnight. chart update.
no retest after the original breakout , the pair makes new highs into 3070 and now we slowly retrace to 1st support at 1,30. chart update. conflicting signals on 4H chart with slightly bullish bias after the range breakout.
eurusd comes back retests breakout and fails. higher move now expected. a drop back below would invalidate. chart update.
eurusd breaks the other side of the channel only to lack follow through and now has its eyes on the 1.2960 once again. chart update
eurusd touches 2960 at the other side of the channel as it continues to bounce like a happy kid on a trampoline. above this channel bias shifts long as a trend might develop. follow me @cristo1 and @cristotrading for live trades and live market analysis on twitter
chart update. we continue inside pretty well defined parameters. multiple horizontal lines with couple of very important levels. an upcoming trend is inevitable but until that happens, playing the edges of this consolidations seems to have worked so far. chart update.
chart update. eurusd runs away from consolidation and wants to trend. 3060 becomes support and 3170 upside resistance.
chart update. eurusd comes back and tests 1st level of horizontal support at 3060 ..see above. A drop below will have 2990 in sight. if support holds a fresh move to 3150 is expected.
eurusd chart update. the pair moves back in the middle of the 4H range at 1.2960 support. a break below would target 1.2860 zone while a bounce from here could see 3015 followed by 3040 near term.
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