EURUSD: Trading Map on the daily with weekly overlay
EURUSD is one tricky chart, compared to the other euro pairs I'm trading.
I suspect we will see volatility, which will get as many people stopped as possible, while still having the stronger moves to the upside.
The weekly is building modes higher and higher, and just confirmed a 9 week uptrend signal, which might run into low volume resistance in the 1.16786 region.
I'm considering entering a short term long with a stop under the highest 9 week mode, attempting to capture the pending upside.
Will update with other daily and 4h positions I take on this pair.
Good luck,
Ivan.
I suspect we will see volatility, which will get as many people stopped as possible, while still having the stronger moves to the upside.
The weekly is building modes higher and higher, and just confirmed a 9 week uptrend signal, which might run into low volume resistance in the 1.16786 region.
I'm considering entering a short term long with a stop under the highest 9 week mode, attempting to capture the pending upside.
Will update with other daily and 4h positions I take on this pair.
Good luck,
Ivan.
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