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End Of Week Technicals for EURUSD: Ranging Bullish or Ranging Bearish?
15 November 2014, 03:00
![Sergey Golubev Sergey Golubev](https://c.mql5.com/avatar/2012/12/50D09349-3D90.jpg)
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This trading week ended with some interesting results and setups for some pairs. So, let's describe some of the interesting moments for EURUSD.
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EURUSD
D1 price is on primary bearish with market rally started 5 days ago and continuing for now.
H4 price is on breakout started on open bar with the price reversed to the primary bullish (on open bar as well):
- Chinkou Span line crossed the price from below to above for good breakout.
- The price break Senkou Span A line and came to the secondary ranging matket condition within primary bullish. Price is inside Ichimoku cloud/kumo on open bar now.
- The nearest resistance as 1.2541 is going to be broken on open bar.
- Nearest support level is 1.2398
If not so we may see the ranging within primary bearish.
- Recommendation for short: n/a
- Recommendation
to go long: n/a
- Trading Summary: ranging
Resistance | Support |
---|---|
1.2509 | 1.2398 |
1.2541 | 1.2357 |
1.2577 | N/A |
SUMMARY : bearish or bullish :)