EURUSD in range

16 באוק׳ 2017

EURUSD is now closed in range between 1.17000 and 1.18800. Demand has won battle at 1.1700 and after bullish pinbar price went upper to resistance zone at 1.1880. At this level we can observe increased activity of supply and price is returing again to support zone at 1.17000. We can see also on chart forming head and shoulders pattern. If it will be finished and neck line will be broken, than we will expect that price will drop to 1.14000-1.13000 zone. We are out of market on EURUSD waiting for action in support or resistance zone.